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$VRA said cash and cash equivalents and short-term investments as of April 30, 2016 totaled $81.8MM and the company had no debt outstanding. Net Capex for 1Q17 totaled $5.6MM. During 1Q17, $VRA purchased approx. $5.7MM of shares equating to approx. 354,000 shares at an avg. price of $16.05.
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.