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$JEC's free cash flow was $164MM in 3Q16. The company's net cash position ended at $128MM. $JEC expects challenging market conditions for the remainder of 2016. Global uncertainty compounded by weak growth in developed markets, Brexit, US Federal election and uncertain political environment along with low commodity prices is impacting end-markets.
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.