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$CNC said that its debt on June 30 was $4.5Bil, including $185MM of borrowings on revolver. The company's debt-to-capital ratio, excluding non-recourse mortgage note, was 44.4% vs. 44.3% in 1Q16. $CNC's medical claim liability was $4Bil at June 30, representing 43 days in claims payable. Cash flow from operations was $420MM for the quarter.
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.