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$MHK 2Q15 Call: Cash ended quarter at about $170MM, that's up from last year with residual cash from the acquisitions in Europe. Will use these residual amounts in 3Q15 to pay down European revolver. Receivables ended the quarter at $1.388Bil with days sales outstanding at 54 days, slightly up from 52 in 2Q14.
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.