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$DRH said that it paid off the mortgage loan secured by the Courtyard Manhattan Fifth Avenue with proceeds from its previously announced $100MM senior unsecured term loan. The Loan payoff is expected to save the company approx. $2MM in annual interest expense and lower the company's weighted average interest rate to 3.8%.
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.