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$EMN said during 2Q16, the company reduced net debt by over $300MM, paid dividend of $68MM and repurchased $25MM of its shares. The company also sold 550MM euro, 1.5% notes due 2023 in the European public debt market, with proceeds used to repay $500MM of the 2.4% notes due in June 2017 and some other borrowings.
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.