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Insurance company $TMK said it has priced an offering of $300MM in aggregate principal amount of its 6.125% Junior Subordinated Debentures maturing in 2056. The debentures are redeemable on or after June 15, 2021. The offering will close on April 5, 2016. The net proceeds may be used to redeem all of the $250MM of 6.375% Senior Notes due 2016.
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.