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$CAA said it plans to use portion of net proceeds of notes offering to repay or repurchase its 10 3/4% Senior Notes due September 2016, and, pending use of net proceeds for such purpose, for general corporate purposes, which may include land acquisition and development, home construction, repurchases of common stock and repayment of debt.
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.