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Oil & gas services firm $TTC said that it priced its earlier announced underwritten public offering of 10,000,000 shares of stock at $5.50 per share, which is expected to close on June 21 The company expects to use net proceeds from the offering to repay debt outstanding under its senior secured notes & revolving credit facility and other purposes.
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.