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Capital expenditures of $CVC for 3Q15 surged 9% to $17.912MM compared to 3Q14. This increase was driven by an increase in purchases in customer equipment, spending to support various network projects and upgrades to the cable network infrastructure. $CVC expensed $9.709MM of transaction costs in 3Q15 related to the Altice merger agreement.
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.