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$LB said it closed its previously announced offering of $700MM aggregate principal amount of 6.750% Senior Notes due 2036. $LB plans to use proceeds from the offering, after the payment of fees and expenses, for redemption of its outstanding 6.900% notes due 2017 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.