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$A's net cash inflow from operating activities was $104MM for 1Q16 compared to $20MM a year ago. In the quarter, the company paid approx. $47MM under its variable and incentive pay programs versus $39MM paid out during 1Q16. Net cash paid for income taxes was approx. $37MM and $73MM in 1Q16 and 1Q15, respectively.
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.