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$SLB said that its net debt rose $3.4Bil to $10Bil during 2Q16. This increase was driven by $2.8Bil of cash paid to Cameron shareholders and $785MM of net debt assumed in connection with the transaction. $SLB ended the quarter with total cash and investments of $11.6Bil and $31MM was spent to repurchase 428,000 shares at an average price of $72.77.
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.