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$SIG said it received $625MM investment in the form of convertible preferred shares from private equity Leonard Green & Partners, L.P. In connection with the closing of the transaction, Jonathan Sokoloff, Managing Partner of Leonard, was added to the $SIG board of directors.
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.