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$DISCK said that DCL expects net proceeds from the notes offering to be about $493.9MM after deducting underwriting discount and expenses related to the offering. DCL intends to use the net proceeds for corporate purposes, including acquisition, repayment and refinancing of debt, and the repurchase of company capital stock.
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.