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$AMAT plans to establish new R&D laboratory in Singapore in collaboration with Agency for Science, Technology and Research. The S$150MM joint investment will focus on developing advanced semiconductor technology to fabricate future generations of logic and memory chips. The lab will be housed within agency's new R&D cluster at Fusionopolis Two.
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.