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At Oct. 2, 2015, $HRS had cash and cash equivalents of $320MM and had a senior unsecured $1Bil revolving credit facility that expires in July 2020. However, $HRS had about $5Bil of long-term debt outstanding at Oct. 2, 2015, the majority of which was incurred in connection with Exelis acquisition in 4Q15.
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.