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The Javelin Joint Venture (JJV) team, a partnership between $RTN and $LMT, signed a LOI with Tata Power Company Ltd operating through its Strategic Engineering Division (SED). As part of the LOI, JJV and Tata Power SED will create a strategy to co-develop & produce the Javelin missile system & integrate platform mounts to meet Indian requirements.
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.