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$TDC, which competes with $ORCL and $IBM, said its net cash provided by operating activities was $251MM in 1Q16, which was $29MM or 13% higher than the $222MM generated in 1Q15. After $26MM of CapEx, the company had $225MM of free cash flow versus $190MM in 1Q15. The increase of free cash flow was mainly due to the timing of working capital items.
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.