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$BBRY said its net cash position is about $1.3Bil for the quarter. The company said that with its new contract terms, the inventory risk is now shifted to its ODM partners, protecting $BBRY's balance sheet. Going forward, the company expects to maintain its positive free cash flow and positive EBITDA for FY17.
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.