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Oklahoma City, Oklahoma-based $CHK said YTD it has closed or have under signed purchase and sale agreements of approx. $1.2Bil of gross sales proceeds, up approx. $500MM from Feb. 2016. Certain of these transactions are contingent upon the repurchase of VPPs. The company added that the net proceeds from these property sales will be approx. $950MM.
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.