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$NFLX 2Q15 PR: Free cash flow in 2Q15 amounted to negative $229MM vs. negative $163MM in 1Q15. At the end of 2Q15, gross debt totaled $2.4Bil, which represented 4.6x LTM EBITDA and NFLX ended the quarter with $2.8Bil in cash & equivalents and short term investments.
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.