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$ALXN made $8MM of payments to Lonza in 3Q15, of which $1.04MM was applied against the outstanding facility lease obligation and $6.960MM was recognized as a prepayment of inventory. In 3Q15, $ALXN also recorded a construction-in-process asset and an offsetting facility lease obligation of $17.03MM associated with the Lonza manufacturing facility.
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.