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Oil and gas company $NBL said its BoD has decided to adjust quarterly dividend to $0.10 per share, down by $0.08. Dividend is payable on Feb. 22 to holders of record on Feb. 8. The adjustment shows an effort to spend within cash flow. The dividend adjustment and the recent debt refinancing provide about $200MM annually in support of the efforts.
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.