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At March 31, 2016, $FRT had cash and cash equivalents of $19.7MM and $53MM outstanding on its $600MM unsecured revolving credit facility. Net cash provided by operating activities was $100.5MM during the three months ended March 31, 2016. Net cash used in investing activities was $201.7MM and net cash provided by financing activities was $99.8MM.
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.