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$EQIX said it has 19 expansion projects underway. In Frankfurt, the company sees continued demand coming from Internet and cloud providers due to data sovereignty compliance and financial services growth. Revenues from the company's 70 stabilized IBXs grew 8% YoverY, largely driven by increases in cross-connect and power density.
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.