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$ADS to provide private label credit card services and management of an existing co-brand card program in the US to $TM under a newly signed long-term agreement by Columbus and $TM. Additionally, $ADS is in agreement to purchase $TM's existing portfolio of co-brand credit card accounts. Details of the purchase price were not disclosed.
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.