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Provider of IT technology $CDK said that its BoD as authorized the acceleration $1Bil return of capital plan such that the remaining $710MM that has not yet been returned to shareholders will be returned. This will be done through a combination of share repurchases and quarterly dividends, by the end of calendar year 2016.
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.