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Diversified power generation company $AES said that during 2015, the company faced macroeconomic headwinds, including an average devaluation of nearly 30% in its non-US dollar denominated businesses. In 2015, $AES generated free cash flow of $1.24Bil, up 39% vs. 2014 and $66MM above the midpoint of guidance range.
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.