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In 3Q16, $TEL signed an agreement with the IRS to resolve all disputes related to intercompany debt issues. Company acquired Germany-based metric circular connectors maker, Intercontec Group, which will become a part of $TEL's Industrial Solutions segment on closing. The acquisition is expected to close in Sept. 2016.
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.