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Military shipbuilding company $$HII said the US Navy has awarded its subsidiary, AMSEC, a 4-year contract to provide logistical support to naval operating, joint and coalition forces. The contract has a potential value of $24MM if fully funded and all options exercised.
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.