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$AKAM reported 1Q16 CapEx of $85MM, at the low end of guidance. Free cash flow was $108MM, or 19% of revenue. Weighted average share count for the quarter was 178MM shares. In 1Q16, $AKAM spent $109MM to buy back roughly 2.2MM shares, and has about $960MM remaining on current repurchase authorization.
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.