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$AIZ Commercial paper program is rated AMB-2 by A.M. Best, P-2 by Moody’s and A-2 by S&P. The $400MM senior revolving credit facility is currently backing up this program, of which $395.8MM was available at 2Q15-end, due to the outstanding letters of credit related to the commercial paper program of $4.2MM.
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.