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$RRC said it has set 2016 capital budget at $495MM, down 45% versus 2015 CapEx. 2016 production is expected to average 1,390-1,420 Mmcfe per day, equating to an 8-10% production growth on a pro forma basis. 1Q16 production is expected to be about 1,350 Mmcfe per day with 30-32% liquids.
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.