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$ARG 1Q16 Q&A: Perrella of Bloomberg asked about pace of share repurchases. Michael said, ARG doesn’t believe in putting a big repurchase out there and not doing anything about it; wants to go a repurchase the shares within a reasonable period of time. Sometimes ARG is in the market, other times take a rest. Company bought 1MM share in 1Q16.
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.