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At 2Q16-end, $CAG had $96MM of cash on hand and $167MM of outstanding commercial paper borrowings. $CAG expects to refinance $750MM of debt maturing on Jan. 25, 2016 with short-term debt in commercial paper. $CAG has about $132MM remaining on its existing share repurchase authorization.
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.