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$WAT said that cash & short term investments totaled $2.4Bil & total debt came in at $1.7Bil bringing a positive net cash position of $731MM. During the quarter, the company bought 595,000 shares of common stock for $78MM. This leaves $441MM remaining on authorized share repurchase program.
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.