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In 2015, $NAVI repurchased 56MM shares and since Jan. 1, the company has acquired an additional 5.4MM shares. During the year, $NAVI said that it has amended six trusts to extend the maturity date, amended 16 different trusts to provide $NAVI with an additional 10% loan purchase option, and exercised cleanup calls on 12 ABS trusts of $1.1Bil.
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.