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In 2Q16, $HSY repurchased $117MM of common shares. The company also repurchased $32MM of common shares to replace shares issued in connection with the exercise of stock options. Cash on hand at the end of 2Q16 was $250MM. For 2016, $HSY expects Capex to be $265-275MM.
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.