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$SYK said it has agreed to acquire the assets of Restore Surgical, doing business as Instratek. Restore Surgical offers a portfolio of staple and hammertoe implants and minimally invasive soft tissue recession instrumentation for foot and hand procedures. Terms of acquisition were not disclosed. The acquisition is expected to close in 4Q16.
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.