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$DVN is also raising its full-year 2016 production guidance from core assets to 540,000-560,000 Boe per day, up 7,000 Boe per day from previous guidance. These non-core asset sales transactions are expected to close in 3Q16. $JEF and RBC Richardson Barr acted as financial advisers to $DEV on the transactions.
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.