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Excluding Heartland integration costs, $GPN generated free cash flow of about $107MM in 1Q17. CapEx totaled $38MM for the quarter. The company reduced outstanding debt during 1Q17 by $44MM and since the date of its last call, it has repurchased an additional 379,000 shares for $28MM. $GPN's current share repurchase authorization capacity is $191MM.
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.