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$WPZ said the BoD of the partnership's general partner approved a distribution of $0.85, payable on February 12, 2016, to common unitholders of record on February 5. The partnership's 4Q15 cash distribution coverage is expected to be about 1.0x, excluding the benefit of the $209MM incentive distribution rights waiver.
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.