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At March 31, 2016, $LM's cash position was $1.3Bil and total debt was $1.8Bil. During 4Q16, the company said that it completed additional open market purchases of 776,000 shares which reduced the weighted average shares by 21,000. $LM's BoD declared a cash dividend on common stock in the amount of $0.22 per share.
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.