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Integrys, a subsidiary of $WEC, said it has started a tender offer to buy 6.11% Junior Subordinated Notes due 2066 for up to $100MM. The offer will expire on Feb. 29, 2016. From Dec. 1, 2016, the 6.11% notes will bear interest at a floating rate of LIBOR plus 212 BP, reset quarterly, versus current rate of 6.11% per annum.
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.