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Savory snacks producer $K said it has commenced a tender offer to purchase for cash up to $440MM aggregate principal amount of its 7.45% debentures due 2031. The tender offer is subject to conditions and will expire on March 23, 2016, unless extended or earlier terminated by the company.
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.