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Cash flow continues to be $PNR's focus and expects to benefit from year-end working capital improvement within Valves & Controls and Flow & Filtration Solutions. Debt at 3Q15-end was $5Bil on a net debt basis, inclusive of cash on hand. $PNR has a plan in place to bring the current 3.75 times balance sheet leverage ratio to 3 times by end of 2016.
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.