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$CPLA said it plans to sell its UK-based subsidiary Arden University, a specialist online distance learning university. The announcement follows a decision by Capella Education Co. (CEC) to focus its long-term strategy on opportunities in the non-degree market in the US and its successful FlexPath self-paced learning programme.
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.