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$NOV ended 3Q15 with a cash balance of $1.8Bil, $4Bil in debt and net-to-debt capitalization of 11.8%. The strength of enterprise uniquely positions $NOV to capitalize on compelling acquisition opportunities that will emerge in this downturn and to continue investing in development of technologies that will help customers improve their economics.
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.