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As of FY15-end, $SWKS cash and cash equivalents balance rose 30% to $1,044MM vs. FY14-end. This increase was helped by a 29% rise in cash from operations in FY15 from $772MM last year due to higher net income partially offset by changes in working capital. Additionally, $SWKS invested $430MM on CapEx related to plant expansions in Mexico and Japan.
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.