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Talen Energy Supply, part of $TLN, said that it is commencing an exchange offer for its outstanding $600MM aggregate principal amount of 6.5% Senior Notes due 2025 that were issued on May 19, 2015, upon the terms and conditions set forth in a prospectus, dated Dec. 22, 2015, and in the accompanying letter of transmittal relating to exchange offer.
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.