Want to join the conversation?
Amazon Web Services (AWS), part of $AMZN, yesterday agreed to acquire Portland-based Elemental Technologies, which provides software-defined video solutions for multiscreen content delivery. The deal is expected to close in 4Q15, which would augment AWS' offerings for the media industry. The terms of the deal weren't disclosed.
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.