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Metals company $AA said it has signed a long-term contract with Embraer worth about $470MM. Under the multiyear agreement, $AA will supply aluminum sheet and plate for Embraer's new E2s, the second generation of its E-Jets family of commercial aircraft. The long-term deal makes $AA sole supplier to Embraer for materials on the E2 line of jets.
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.