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$YUM said some subsidiaries that operate its KFC, Pizza Hut and Taco Bell businesses closed the $2.5Bil Senior Secured Credit Facilities and $2.1Bil senior unsecured notes offering. Net proceeds will be used to fund return of capital, repay debt under existing revolving credit facility, pay transaction fees, and for general corporate purposes.
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.