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Subsea systems provider $FTI and France-based project management company Technip announced that they have executed a Business Combination Agreement on June 14, 2016 regarding their proposed merger. The combined company will be called TechnipFMC.
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.