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$SE said that as majority of the growth CapEx is occurring at SEP, the company utilized its At-The-Market (ATM) equity program and raised about $550MM of equity at SEP last year, with nearly $200MM in 4Q15. Due to the success of this program, the company filed a new multi-year shelf registration in Dec. to upsize the ATM program to $1Bil.
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.