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$SCG 1Q15 10-Q: At 1Q15-end: Total current assets were $1,435MM, down 33.1% from $2,145MM at 1Q14-end. Total current liabilities were $1,732MM, down 31.62% from $2,533MM at 1Q14-end. Net long-term debt was $5,525MM, down 0.11% from $5,531MM at 1Q14-end. Cash and cash equivalents were $31MM, down 77.37% from $137MM at 1Q14-end.
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.