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$WY said it agreed to sell its Cellulose Fibers pulp mills to International Paper for $2.2Bil in cash. Weyerhaeuser expects to use a substantial portion of the estimated $1.6Bil after-tax proceeds for repayment of term loans issued in conjunction with the company's previously announced $2.5Bil share repurchase program.
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.