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$AN 2Q15 Q&A: Whiston of Morningstar asked about the plans for commercial paper proceeds. Cheryl told that it’s lower cost to capital. It’s general corporate uses, it could be anything from rebuild acquisitions and CapEx. So it’s opportunistic pricing standpoint relative to the rates that AN is paying under broad revolving credit facility.
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.