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$HP has an average of 118 rigs under term contracts to be active in FY16, 93 in FY17 and 52 in FY18. Due to soft market conditions and early termination of long-term contracts, backlog decreased from about $3.5Bil as of June 30, 2015 to about $3.1Bil as of September 30, 2015. $HP expects total annual depreciation expense in FY16 to be about $580MM.
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.