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$CRR said it has placed $25MM of 7% unsecured subordinated notes with two members BoD. The notes will mature on April 1, 2019 and require semi-annual interest payments. In addition, $CRR has filed a shelf registration statement on Form S-3 with the SEC for permitting it to offer and sell up to $300MM of various debt and equity securities.
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.