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$LMT said it has combined its energy products and technologies into a single commercial line of business to be known as Lockheed Martin Energy. Frank Armijo has been newly appointed as VP of Lockheed Martin Energy. Armijo previously served in various $LMT leadership roles in energy, technology integration, strategy and business development.
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.