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$HW also said the company successfully repriced its senior term debt, lowering its interest cost by 50 BP to Libor plus 300 BP, with a 1% Libor floor. These actions will reduce $HW's annual cash interest expense by over $5.5MM to a total annual cash interest expense of approx. $24.4MM.
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.