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$HRL repurchased 1.1MM shares of common stock spending $38.6MM in 3Q16. The company has 14.3MM shares remaining to be purchased from the current authorization in place. CapEx totaled $66MM, compared to $41.8MM last year. For FY16, CapEx is expected to be approx. $250MM.
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.