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$CTAS ended 1Q16 with cash and marketable securities of $200MM, a decrease of $233MM from the $433MM at the end of 4Q15. Cash provided by operating activities was $143MM in 1Q16. Uses of cash included $121MM for acquisitions and about $222MM for repurchases of common stock. CapEx for 1Q16 was approx. $63MM.
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.