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$NWL said it will establish its new global headquarters in Hoboken, New Jersey. The company will also invest in creating a second hub for advanced design, and will expand its e-Commerce activities to serve the new larger company in the same location. This follows the recent combination of $NWL and Jarden Corp.
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.