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$BBBY ended 2Q16 with approx. $661MM in cash and cash equivalents and investment securities. Retail inventories were approx. $2.9Bil at cost, an increase of approx. 1% compared to the end of the prior year period. This is due in part to the growth in the inventory in the company's distribution facilities for shipments to customers.
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.