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$RIG said 4Q15 G&A expense was $58MM and depreciation expense was $213MM. Cash flow from operations was $960MM and CapEx was $665MM in the quarter. In 4Q15, $RIG took delivery of the ultra-deepwater drillship, Deepwater Proteus, and expects to place it into service in 2Q16. Rig utilization was 60% in 4Q15. Contract backlog was $15.5Bil at end 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.