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$CTL's cash and cash equivalents at 2Q15-end was $155MM, flat with 1Q15 and down 14.3% YoverY;out of this $155MM, $70MM was held in foreign bank accounts for the intent of funding its foreign operations. $CTL also had approx. $1.7Bil of borrowing capacity at 2Q15-end that was available under its $2Bil amended and restated revolving credit facility.
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.