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$WFM priced issuance of $1Bil of 5.20% senior notes due 2025. The notes will be guaranteed on an unsecured, unsubordinated basis by certain units. $WFM plans to use net proceeds from the offering for general corporate purposes, including stock repurchases and the repayment of indebtedness. Closing is expected to occur on Dec. 3.
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.