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$KORS 1Q16 Q&A: For the question on free cash flow asked by Chen of Cowen, Joe replied that the first priority will be to invest in the company; second priority will be to repurchase shares; and third priority will be to invest for the future. The company is going to be very conservative and have a strong balance sheet, replied Joe.
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.