Want to join the conversation?
In Sept. 2015, $MYL terminated some forward starting swaps designated as cash flow hedges of expected future issuances of long-term bonds. Resulting from this termination, $MYL incurred losses, net of tax, of approx. $22.4MM which will remain in accumulated other comprehensive earnings until the issuance of bonds in 4Q15 or early 2016.
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.