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$ERI expects the $ISLE acquisition to add to its free cash flow and diluted EPS immediately. This includes cost synergies of about $35MM in the first year following the close of transaction and giving effect to $ISLE's divestiture of Isle of Capri Casino Hotel Lake Charles. With this transaction, $ERI adds 13 casino-resorts to its portfolio.
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.