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$XEC, which competes with $AXAS and $APC, said it expects its FY16 total production volume to be about 940-970MMcfe (Millions of Cubic Feet Equivalent) per day. The company expects FY16 exploration and development capital of approx. $650-700MM. For 2Q16, $XEC anticipates production volume of 935-965 MMcfe per day.
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.