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In Jan. 2015, $LM's BoD authorized $1Bil for purchases of common stock, of which about $800MM remained available as of March 31, 2016. Company intends to utilize up to $90MM of cash generated from future operations to purchase shares on a quarterly basis.
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.