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$GRMN said it will retain most of associates of DeLorme and will continue operations at its existing location in Yarmouth, Maine following completion of acquisition. The Yarmouth facility will operate primarily as research and development facility and will continue to develop two-way satellite communication devices and technologies.
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.