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Specialty food packaging company $SEE signed an agreement to sell its European food trays business to Faerch Plast A/S, a European food packaging solutions provider. Transaction includes $SEE's manufacturing facilities in Poole, UK and Bunol & is expected to close in 4Q15. $SEE's European food trays business has generated $71MM in revenue in FY14.
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.