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Helicopter services provider $BRS said its BoD has lowered the quarterly dividend to $0.07 per share versus $0.34 per share in the prior quarter, and is payable on March 15 to holders of record on March 1. The dividend reduction along with improved liquidity from a $200MM term loan and CapEx reductions gives the company financial flexibility.
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.