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$CNP, which competes with $XEL and $AEP, said it anticipates continued strong cash flow in upcoming years with forecasted net debt of only $150MM by year-end 2016. The company stated that it anticipates continuing to lower interest expense in 2016. $CNP anticipates 36% effective tax rate 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.