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$LNT said its BoD approved a 2-for-1 stock split of its common stock. The authorized 240MM shares will increase to 480MM and outstanding shares will increase from 114MM to 228MM. Each shareowner of record on May 4 will receive one additional share for every outstanding share held. Additional shares will be distributed by book-entry on May 19.
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.