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$AMD announced public offering of approx. $600MM of its common stock and $450MM aggregate principal amount of its convertible senior notes due 2026. The company intends to use the net proceeds from the offerings to repay its borrowings under its credit facility and/or to purchase its outstanding senior notes.
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.