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Electronic components group $POWI said the district court in San Francisco has awarded it $139.8MM in damages stemming from $FCS' infringement of 2 of its patents. The infringement finding occurred in March 2014 and remains intact. This trial was to retry damages after an earlier award of $105MM was set aside by the court due to a change in law.
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.