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Year-to-date, $PBI generated cash from operations of $351MM, received proceeds of $292MM from the sale of Imagitas and $39MM from the sale of $PBI's former corporate headquarters building. $PBI also issued $150MM of commercial paper during this period. At Sept. 30, 2015, cash and cash equivalents were $716MM, down $363MM from Dec. 31, 2014.
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.