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During 1Q16, $VAR finished with $953MM in cash & cash equivalents and $728MM of debt. Cash flow from operations was $77MM for the first quarter. During the quarter, the company spent $192MM to repurchase about 2.4MM shares of common stock.
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.