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Raymond James analyst Samuel Darkatsh questions as to where inventories would be by FY16-end. $TTC says that its team is disappointed in its working capital initiative thus far and hopes to see more progress relating to inventories. The company expects YoverY inventory to be down at year-end, which will be incorporated into the cash flow forecast.
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.