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$WDC's net cash provided by operating activities for 1Q16 fell to $545MM from $827MM in the previous year quarter, primarily attributable to lower net income in current period. Net cash used by working capital changes was $27MM for 1Q16, compared to $61MM provided by working capital changes in the prior-year period.
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.