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Biotechnology company $HALO said it is partnering with $LLY to develop and commercialize products combining proprietary $LLY compounds with $HALO's ENHANZE platform. $HALO will be paid $25MM initially and will then receive milestone payments of up to $160MM for each of the 5 collaboration targets amounting to $800MM, if milestones are achieved.
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.