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$ASH also said that following the contribution of the Valvoline Finco business to Valvoline Inc., Valvoline Finco will merge with and into Valvoline and Valvoline will assume all of Valvoline Finco's obligations under the Notes. The Notes will initially be guaranteed on an unsecured basis by Ashland.
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.