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$CA 1Q16 Q&A: Raimo Lenschow from Barclays, asks about slight change in strategy perhaps to more aggressively pursue acquisition again. Mike answers, I wouldn’t say that our strategy has changed at all, we’ve been consistent for the last two years that we’d spend between $300-500MM on acquisition, but number one focus is organic development.
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.