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$SWKS' cash and cash equivalent balance was $1.2Bil as of April 1, 2016, an increase of $133.9MM from Oct. 2, 2015. The increase resulted from $499.8MM in cash generated from operations, partially offset by $116.9MM in CapEx, $135.1MM used to repurchase 2MM shares of stock and $99.4MM in cash dividend payments during 1H16.
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.