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Southern Power, subsidiary of $SO said that it has acquired 157MW Roserock solar facility from Recurrent Energy, one of North America's solar developers. This project is expected to enter commercial operations in 4Q16. Electricity & associated renewable energy credits generated will be sold under 20-year power purchase agreement with Austin Energy.
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.