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At Sept. 30, 2015, $MRO had $8.4Bil in long-term debt outstanding, of which approx. $1Bil matured and was repaid in Nov. 2015. The company utilized cash on hand and proceeds from the maturities of its short-term investments to fund the debt payment.
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.