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$DD 2Q15 Q&A: Jeff from JPMorgan asked about timing of ASR. Nick replied so with the ASR, we are going to initiate that very soon after the blackout period lifts for us on the earnings announcement today. The majority of $2Bil will be done very quickly from a share reduction perspective, but the close out of that ASR will be done by year-end.
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.