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$PCG said it priced a previously announced public offering of 4.9MM shares of its common stock at $63.25 per share. The company expects to contribute all of the net proceeds from the offering to its regulated utility subsidiary, Pacific Gas and Electric Co, which will use it for general corporate purposes.
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.