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$CHS ended 2Q16 with $151MM in cash and short-term investments. The company returned $31MM to shareholders by repurchasing $20MM of common stock and distributing $11MM in dividends. The company also repaid $2.5MM in scheduled principal payments ending 2Q16 with $87MM outstanding on its term loan. Capex was $12MM in 2Q16.
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.