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$OXY said that it expects to receive an additional $900MM of cash this year from its settlement with the Republic of Ecuador, of which, company had collected $300MM to date and about $300MM of proceeds from asset sales during this quarter. In the U.S., the company had ceased all gas drilling activity and will focus its capital in the Permian basin.
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.