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Ohio-based $FITB said it expects to recognize a pre-tax gain of about $419MM during the fourth quarter related to the ownership interests included in the $VNTV share sale and warrant actions. On December 2, $VNTV conducted a secondary offering of 13.4MM shares of its Class A Common Stock on behalf of $FITB, the regional bank said.
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.