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$SYMC 1Q16 Call: Cash flow from operating activities totaled $300MM. We incurred restructuring costs of $22MM & separation costs of $63MM. The costs were higher than expected as we accelerated our separation activities to prepare for sale of Veritas business. CapEx were $78MM & expect Q2 CapEx to be higher as we work to complete Veritas separation.
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.