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$UL said its acquisition of Dollar Shave Club (DSC), which owns a repertoire of brands that range from personal wash products to daily wipes, will boost its personal care category in the men's segment. $UL said DSC CEO Michael Dubin will continue to serve as CEO of the company. DSC expects a turnover of $200MM in 2016, $UL said.
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.