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In 1H16, $URBN repurchased and subsequently retired 2.3MM shares for $82.8MM at an average price of $36.30 per share, including commissions. Subsequent to 2Q16-end, $URBN repurchased and retired a total of 1.3MM common shares for approx. $40MM, at an average price of $30.79 per share, including commissions.
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.