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$ED said it priced a public offering of 8.8MM of its shares at $71.50 per share. $ED said it granted underwriters an option for a period of 30 days to purchase up to 1.32MM of additional shares upon the same terms. Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Mizuho Securities and Wells Fargo Securities are the joint book-running managers.
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.