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Santa Rosa, California-based $KEYS said in 2Q16 it repurchased $42MM in common stock under its $200MM repurchase authorization announced in Feb. 2016. The company added that this action is reflective of the confidence it has in its ability to achieve above market growth in the long term.
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.