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$PCP 1Q16 Call: Acquisitions: Composites Horizons, an expertise in multiple classes of composites. CHI is a strategic fit for PCP and expected to close in 2Q16. Noranco, manufactures complex machined & fabricated components for landing gear, aero-engine and airframe applications. Purchase price was $560MM and expected to close in 3Q16.
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.