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$CDR said that the company has started a public offering of 5MM shares of its common stock under a forward sale agreement. The company intends to use the net proceeds for general working capital and other corporate purposes, including the repayment of outstanding debt and the acquisition of additional properties.
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.