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In 3Q16, $VIAB generated $90MM of free cash flow. The company ended the quarter with $12.4Bil of total debt and and $192MM of cash and cash equivalents. For FY16, $VIAB expects domestic affiliate revenues to decline low to mid single digits. Media Networks programming expense growth rate is expected to be in the low to mid single digits.
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.