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$ICPT 2Q15 PR: As of June 30, 2015, Intercept had cash, cash equivalents and investment securities available for sale of approx. $732.3MM, compared to $402MM as of March 31, 2015. The increase is due to the completion of a follow-on public offering of 1,330,865 shares of common stock in April 2015 resulting in net proceeds of approx. $367.3MM.
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.