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At Dec. 31, 2015, $CMI had cash and cash equivalents of $1.7Bil, of which approx. 26% was located in the U.S. and 74% was located outside the U.S., primarily in the U.K., China and Singapore. As of the same date, the company had marketable securities of $100MM, of which 66% is located in India and 33% is located in the U.S.
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.