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$ACOR said it also received a commitment from JPMorgan Chase, N.A. for an asset-based loan facility for up to $60MM. The closing of this transaction is expected to occur within 6 weeks. $ACOR said it has $353MM in cash at year-end 2015. $ACOR sees proceeds to be sufficient to fund ongoing operations.
$JCP shares rebounded and now in green territory after saying it will hire 800 consultants as part of a beauty expansion that will include 70 new Sephora store-in-store locations.
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.