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$WAB said it has acquired Gerken Group SA, a leading manufacturer of specialty carbon and graphite products for rail and other industrial applications. The company has annual sales of about $40MM. Gerken's sales are mainly in the aftermarket and outside of North America.
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.