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$NI's net cash provided by operating activities for 1Q16 fell to $302.9MM from $604.4MM in 1Q15. Net cash used in investing activities was $315.3MM compared to cash provided by activities of $111.2MM last year. Net cash provided by financing activities was $20.6MM compared to cash used in activities of $698.8MM a year ago.
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.