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$CPB said cash from operations increased by $281MM to a record $1.463Bil in FY16, driven by significantly higher cash earnings and lower working capital requirements, reflecting reductions in the inventory level. CapEx fell $39MM to $341MM. The company paid dividends of $390MM, reflecting its current quarterly dividend rate of $0.312 per share.
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.