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Insurance and reinsurance service provider $AON said it has entered into an agreement with Catamaran to establish a new broking joint venture in India to maximize the technical and innovation capabilities of both firms worldwide. The completion of the deal is subject to regulatory approvals.
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.