Want to join the conversation?
$IR said it posted strong year-to-date free cash flow of $348MM, up $293MM from the prior year. The company said it is seeing the benefits of its focus on working capital management and its business operating system, and with that it is raising its free cash flow forecast to $1.0-1.1Bil in 2016, excluding the proceeds from the sale of Hussmann.
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.