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$HELE said its cash and cash equivalents totaled $23.1MM at May 31, 2016, compared to $15.3MM at May 31, 2015. Total short- and long-term debt grew to $587.5MM at May 31, 2016 versus $434MM at May 31, 2015, a net increase of $153.5MM. The increase mainly reflects $210MM drawn to fund the Hydro Flask acquisition in March 2016.
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.