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$VIP announced commencement of offering by selling shareholder Telenor East Holding II AS (Telenor) of began offering of 142.5MM American Depositary Shares, each representing one common share. $VIP plans to grant the underwriters option to purchase up to 21.375MM additional ADSs at the offering price, less underwriting discounts and commissions.
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.