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$DG's capex during 2016 is expected to be in the range of $550-600MM. The company anticipates funding 2016 capital requirements with existing cash balances & cash flows from operations. $DG also expects to have significant availability under its Revolving Facility if required. The company plans to continue to invest in store growth and development.
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.