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Offshore drilling contractor $RIG said that Statoil has elected to terminate the contract for the ultra-deepwater drillship Discoverer Americas. The rig's contract was scheduled to end in May 2016. Transocean will receive an early termination payment fully compensating the company as provided for in the contract.
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.