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Deepwater drilling contractor $DO said that on April 28, 2016, its subsidiary's agent in Mexico received a letter from PEMEX, purporting to exercise its contractual right to terminate its drilling contract on Ocean Scepter with 30 days' advance notice. As of May 2, 2016, 15 rigs in $DO's fleet were cold stacked, including 4 jack-up rigs.
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.