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Justin Lake of Wolfe Research asks about capital deployment if the Anthem deal is cancelled. $CI said if the deal fails, looking towards the second half of 2017, the company would have about $5Bil of deployable cash. The balance sheet currently has 27% leverage, with normal business adding 10 points and strategic M&A adding 15 points to the same.
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.