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$POST said it has two interest rate swaps with an aggregate notional amount of $1.6Bil. During 2Q16, the company incurred a non-cash mark-to-market loss on these swaps of $90.9MM as long-term interest rates fell significantly. The company added that the swaps mature mainly in late FY18 and early FY20.
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.