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$LMT said it will set up its first multi-disciplinary R&D facility outside of the US in Melbourne. Company will invest an initial $13MM over 3 years to establish a laboratory (STELaR Lab) to undertake R&D to solve technology challenges of the future. STELaR Lab is scheduled to open in early 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.