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Aircraft cabin products maker $BEAV said it has signed an agreement worth $260MM plus with a major airline to outfit its new Boeing 777 aircraft with high-end first class suites. The contract includes an option to outfit additional wide-body aircraft, with the option part valued at about $190MM. Initial deliveries are expected to begin late 2017.
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.