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For 2016, $RRC projects 23% reduction in CapEx for production facilities resulting in almost $9MM in savings as a result of design improvements, reductions in labor and materials, and redeployment of existing equipment. $RRC's existing committed liquidity is anticipated to be sufficient to fund potential cash requirements for Memorial transaction.
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.