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$WU, a global provider of money movement and payment services, said that for the full-year 2015, reported tax rate was 11%. At 4Q15-end, the company had $3.2Bil of debt and cash of $1.3Bil. In 4Q15, the company repurchased approx. 4MM shares for $69MM and the remaining authorization, which expires in Dec. 2017 was $712MM at year-end.
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.