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As at December 31, 2015, $WLTW had cash and cash equivalents of $532MM. Cash flows from operating activities fell to $243MM in 2015. Net cash used in investing activities was $943MM. This included cash used to purchase subsidiaries and intangible assets of $857MM and Capex of $146MM. Net cash provided by financing activities was $641MM.
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.