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$IBM and Etihad Airways have signed an information technology deal worth $700MM over 10 years that aims to improve the airline's guest experience, develop world-class infrastructure and security, and improve efficiency. The agreement includes plans for the creation of a new cloud data center in Abu Dhabi to be developed and operated by $IBM.
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.