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$CTAS 4Q15 Call–Mike, CFO: The company announced that it has entered into a definitive agreement to sell its investment in Shred-It for approximately $550-600MM before taxes. The transaction is expected to close in 4Q15 subject to obtaining regulatory approvals and satisfaction of other customary closing conditions.
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.