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$BBY said that capex for FY16 totaled $649MM and for FY17 capex is expected to be in the range of $650-700MM. For 1Q17, the company believes that the softness in mobile phones will continue and Enterprise comp sales is expected in the range of negative 1-2%, driven by continued softness in the mobile and tablet category.
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.