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$AEP is evaluating options and will share details about its plans for investment of the proceeds from this transaction at an analyst day Nov. 1. $AEP expects to record an after-tax gain of about $140MM from sale of 4 competitive power plants totaling about 5,200 megawatts (MW).
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.