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$PXD's horizontal rig count in the Eagle Ford Shale was reduced from six rigs in 2015 to zero rigs by the end of 1Q16 given current commodity prices that continue to adversely affect well returns. The company plans to spend $60MM of capital in 2016 to complete 18 Eagle Ford Shale wells. No wells are scheduled to be drilled on dry gas acreage.
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.