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$PDCO 1Q16 Call: Operating cash flow from continuing operations generated $8MM of cash vs. $68MM in the prior period. We expect to convert a 100% of net income into free cash flow for the year. CapEx totaled $17.1MM and included investments for normal replacements as well as our corporate-wide IT initiatives.
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.