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$FCX's Freeport-McMoRan Oil & Gas has entered into a purchase and sale agreement with $APC for the sale of its Deepwater Gulf of Mexico properties for total cash consideration of $2Bil and up to $150MM in contingent payments. The deal has an effective date of Aug. 1, 2016, and is expected to close in 4Q16, subject to customary closing conditions.
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.