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$RAX's cash flow from operations was $165MM and CapEx was $82MM or 15.7% of revenue in 2Q16. Free cash flow was a record $98MM in the quarter. $RAX completed its $500MM share repurchase commitment in 2Q16, and expects to repurchase shares, as per board authorization, of up to $1Bil by Aug. 2017.
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.