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$LOW said it received approval under the Investment Canada Act and clearance from the Competition Bureau with respect to its pending acquisition of RONA Inc. This announcement represents the last major milestone in the process and clears the way for final closing of the transaction. $LOW expects to close the acquisition on May 20.
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.