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$VSI said that it has closed its previously announced offering of $125MM aggregate principal amount of its 2.25% convertible senior notes due 2020. The convertible notes will bear cash interest, payable semi-annually on June 1 and Dec. 1, beginning on June 1, 2016, and will mature on Dec. 1, 2020, unless earlier repurchased or converted.
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.