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Billiards table maker $BC said it has acquired Cybex International, a fitness equipment maker, for $195MM. Cybex will join $BC's Life Fitness Division. $BC expects Cybex to add $0.08 to EPS in 2016, bringing adjusted EPS to $3.35-3.50. By 2018, Cybex will add an incremental $0.20 to EPS, which raises targeted adjusted EPS to $4.55-4.95.
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.