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$XYL closed its offering of $500MM of 3.25% senior notes due 2026 and $400MM of 4.375$% senior notes due 2046. The company plans to use net proceeds, with proceeds from commercial paper program and borrowings, to fund $1.7Bil cash price of its acquisition of direct and indirect subsidiaries of Sensus Worldwide.
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.