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$KHC and Kraft Heinz Foods Company (KHFC) commenced an offer to exchange up to $15,000,000,000 aggregate principal amount of its new registered exchange notes for a like principal amount of some of its unregistered outstanding notes. $KHC and KHFC will not receive any proceeds from the offer. The offer will expire on Aug. 16, 2016.
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.