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Shawn Harrison of Longbow asks how much cash $AVT would like to use to finance the Premier Farnell transaction. CFO Kevin Moriarty said the company will use offshore cash to fund the transaction, which is an efficient cash use for it. He declined to comment specifically in terms of how much offshore cash will be used to finance the deal.
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.