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In Jan. 2016, $QCOM announced a JV with TDK Corporation called RF360 Holdings Singapore to deliver RFFE modules and RF filters for mobile devices and IoT applications. The JV will initially be owned 51% by $QCOM and 49% by TDK. Price of company's interest in the JV and the assets to be transferred to the company is $1.2Bil.
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.