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$CBB has priced the previously announced offering of $425MM aggregate principal amount of its 7% senior notes due 2024. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by some of the company's existing and future domestic subsidiaries. The transaction is expected to close on Sept. 22, 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.