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$BC said Thunder Jet will remain based in Clarkston, Washington. The Thunder Jet acquisition is expected to have minimal impact upon $BC's 2016 earnings. $BC CEO Mark Schwabero said he sees opportunities from this acquisition to grow revenues in the company's boat and marine engine segments, including its parts and accessories businesses.
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.