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Manufacturing solutions provider $SANM said its BoD has authorized a stock repurchase program of up to $150MM of the company's common stock, effective upon completion of the current program. To date, about $63MM remains available under current program approved by the Board in Sept. 2015. The new repurchase program has no expiration date.
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.