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$PXD said that commodity prices were down in 4Q15; oil was down 11% to $37.92 and NGLs was down 2% to $12.16 per barrel. Looking forward, the company is hedged 85% in 2016 and 70% in cash. Production cost for the quarter fell 5% sequentially. $PXD also said that at 4Q15-end the company had net debt of $2.3Bil.
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.