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Loan management company $NAVI is exercising call options on four SLM Student Loan Trusts backed by federally guaranteed student loans representing $636MM of bonds which will be repaid on Oct. 26, 2015. Earlier this year, $NAVI exercised its call option on eight trusts representing $429MM in bonds, bringing the YTD total to $1.1Bil in 12 trusts.
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.