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$STJ said that during 1Q16, the company repaid approx. $400MM outstanding debt & there were no borrowings outstanding under the company's $1.5Bil revolving credit facility available with a group of banks. $STJ's international business grew about 4% in 1Q16 and the company is on track to achieve its previously issued sales guidance of $65MM in 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.