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$CAG, which planned to spin-off its Lamb Weston business in Nov. 2015, announced the record date as Nov. 1, 2016 and distribution date as Nov. 9, 2016 for the spin-off. 100% of the Lamb Weston common shares will be distributed to the $CAG common shareholders. ConAgra Foods Inc. will be renamed as Conagra Brands Inc. upon completion of the spin-off.
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.