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$TDC ended 2Q16 with $909MM in cash, with over 98% of cash held outside the US. In 2Q16, the company purchased 600,000 shares of stock for approx. $15MM. As of June 30, 2016, $TDC had total debt of about $585MM, all of which was outstanding under a term loan. The company had no borrowings under its $400MM revolving credit facility as of that date.
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.