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Telecommunications company $VZ said that Verizon Digital Media Services has agreed to acquire Volicon, a video capture company. Volicon's technology, united with Verizon Digital Media Services' Video Lifecycle Solution, will supply customers with an option to take existing broadcast feeds & channels directly to OTT cloud-based delivery models.
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.