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Construction materials producer $GVA said that the JV team comprised of $GVA, $FLR and Ames Construction has been awarded a $917MM contract by the Arizona Department of Transportation (ADOT) to build the Loop 202 South Mountain Freeway in Phoenix, Arizona. $GVA will book its 31% share, or about $284MM, of the project into backlog during 1Q16.
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.