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$AES said it agreed to sell its 100% equity interest in AES Sul, one of its utilities in Brazil, to $CPL for about $464MM. The transaction is expected to close in 2H16. This sale was previously included in $AES' 2016 guidance and 2017-2018 expectations. Also, deal will remove $335MM in non-recourse debt on $AES' balance sheet as of March 31, 2016.
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.