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$LOW 1Q15 10-Q: FY15 capital forecast is approx. $1.4Bil, inclusive of approx. $200MM of lease commitments, resulting in a planned net cash outflow of $1.2Bil. Approx. 40% of net cash outflow is for existing stores and approx. 30% is for store expansion. Expansion plans for FY15 consist of 15-20 new home improvement and hardware stores.
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.