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$CTL said Global Network Services contract will facilitate shift from use of point-to-point circuits to newer technical approaches as government aims to provide single Department of Defense network for global voice, video, imagery and data transmissions on 100 gigabit-per-second backbone by 2020.
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.