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During 3Q15, $PNC repurchased 6.2MM common shares for about $600MM and is on track to meet its repurchase authorization of up to $2.875Bil for the five-quarter period beginning in the second quarter of 2015. At the end of 3Q15, common shares outstanding were 510MM, down 18MM compared to the same time a year ago.
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.