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In 2015, $SPLS' cash used in investing activities was $374MM vs. $375MM in 2014, down $1MM. CapEx increased by $20MM YoverY, mainly due to investments in online businesses & investments aimed at improving the productivity of existing stores. In 2015, $SPLS spent a net $22MM to acquire three small businesses.
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.