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$GM said it returned $1.5Bil to shareholders during 1H16, including $1.2Bil in dividends and $300MM in share repurchases. The company stated it will deliver on its commitment to buy back $5Bil of stock by the end of 2016. $GM intends to complete the $5Bil stock buyback commitment within or ahead of the original timeline.
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.