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$WDC reported that its deal with Unisplendour Corporation (Unis) and Unis Union Information System (Unis Union), a subsidiary of Unis, that agreed to make a $3.8Bil equity investment in $WDC, has been terminated by Unis Union after a decision by the Committee on Foreign Investment in the US to investigate the proposed investment.
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.