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$ADI said at the end of 2Q16 it had $3.8Bil in cash, net cash of $2Bil and a leverage ratio of 1.3 times EBITDA. The company has $1.7Bil of liquidity in the US, which it plans to use for investments in its business and for general corporate purposes, including dividends, share repurchases and acquisitions.
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.