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During the quarter, $DAL intended to increase its stake in Aeromexico to 49% and expect to close that transaction during the June quarter. $DAL said that this transaction will allow the company to participate in the financial improvement go forward.
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.