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$ATNI'S BoD authorized repurchase of up to $50MM of its common stock. The new authorization replaces existing $5MM repurchase authority adopted in 2004. In addition, $ATNI's BoD declared a quarterly dividend of $0.34 per share, payable on Oct. 7, 2016, to stockholders of record as of Sept. 30, 2016. This represents a 6.3% rise over last quarter.
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.