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$DBD is forming new JV, which will offer a complete range of self-service terminals within the Chinese market, including automated teller machines (ATMs). Also, $DBD will serve as exclusive distributor outside of China for all products developed by the new JV, which will be sold under the Diebold brand.
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.