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$MCHP said its cash generation in 1Q17, excluding acquisition activities, dividend payments and changes in borrowing levels under the company's revolving line of credit, was $184MM. As of June 30, 2016, the consolidated cash and total investment position was $601.8MM. Borrowings under $MCHP's revolving line of credit at June 30, 2016 was $1.922Bil.
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.