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$PXD expects 1Q16 DD&A expense to be $18.50-20.50 per BOE. Company expects to incur restructuring charges of $10-20MM in 1Q16 due to relocating 2 pressure pumping fleets from Eagle Ford Shale to Spraberry/Wolfcamp. For FY16, CapEx is expected to be $2Bil, down from earlier forecast of $2.4-2.6Bil, and operating cash flow is expected to be $1.3Bil.
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.