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$CHK announced preliminary results of private offers to exchange new 8.00% Senior Secured Second Lien Notes due 2022 for certain senior unsecured notes. As of Dec. 15, about $2.8Bil of Existing Notes were tendered and not validly withdrawn. $CHK increased maximum amount of Second Lien Notes issuable in Exchange offer from $1.5Bil to $3Bil.
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.