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Closed-end funds advised by Zweig Advisers LLC, $ZF and $ZTR, said thier BoDs have announced that each fund has approved an increase in the annualized distribution rate to 10% of the fund's NAV. This distribution rate represents a 67% increase for $ZF and a 43% increase for $ZTR.
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.