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As of Nov. 1, 2015, $PVH had cash and cash equivalents of $370MM, down from cash of $479MM at Feb. 1, 2015. As of Nov. 1, 2015, approx. $303MM of cash and cash equivalents was held by international subsidiaries whose undistributed earnings are considered permanently reinvested.
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.