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$EL 4Q15 Q&A: Dibadj of Bernstein asked on working capital?Tracey said going from 200 days to sell to 155 days to sell is great progress. We’ll try to exceed those levels, but being able to free up $300-400MM of cash in this time is very good for us, to shareholders &allows us to either invest in ROIC driven projects or return more to share holders
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.