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$SPLS 2Q15 Call: YTD CapEx came in at $138MM, an increase of $28MM versus prior year. With operating cash flow of about $300MM, we generated free cash flow of $162MM versus $194MM of free cash flow during prior year. We remain on track to generate more than $600MM of free cash flow in 2015. At end of 2Q15, Staples has approx. $1.7Bil in liquidity.
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.