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At Sep. 30, 2015, $LEG had cash and cash equivalents of $251MM mainly invested in interest-bearing bank accounts and in bank time deposits with original maturities of three months or less. A substantial portion of these funds are held in the international accounts of the company's foreign operations.
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.