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$SYY said it has completed the $3.1Bil acquisition of Brakes Group, a foodservice distributor in the United Kingdom, France and Sweden, with additional operations in Ireland, Spain, Belgium and Luxembourg. Headquartered in London, Brakes Group will operate as subsidiary of $SYY under leadership of Brakes Group CEO Ken McMeikan.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.