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$MUR 2Q15 Call: At 2Q15-end, Murphy’s long-term debt amounted to approx. $3.3Bil, 29% of total capital employed, while net debt amounted to just over 20%. In July, moved $150MM of funds from the UK following the sale of the UK downstream assets back to the US and these funds have been used to repay a portion of outstanding debt early in 3Q15.
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.