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$IBM and GBM Corp. announced strategic partnership to accelerate use of $IBM's Watson cognitive computing capabilities in Latin America. GBM has created new company, Cognitiva, for this purpose. Cognitiva will collaborate with $IBM to bring Watson to Latin American arena, providing sales, service and support for localized Spanish-enabled version.
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.