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Mobile innovation company $SNCR said it will acquire San Mateo, California-based Openwave Messaging Inc., a messaging solutions company. The acquisition is not expected to have a material impact on $SNCR's revenue and non-GAAP EPS for FY16. Financial terms of the acquisition were not disclosed.
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.