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$VSAT, a global broadband services and technology company, said it inaugurated its first R&D Center in Chennai, India. The new $VSAT R&D Center will have more than 30,000 square feet to accommodate nearly 125 engineers. By 2019, the company expects to have more than 250 engineers in Chennai working on next-generation 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.