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Over last 3-4 years, $FAST dramatically increased capital expenditures for rapid deployment of distribution automation and industrial vending. These investments will continue in future; however, $FAST expects CapEx to moderate and will allow it to continue to fund cash needs for day-to-day business primarily from continuing operations.
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.