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In the last nine months $IBM retuned $7.5Bil to shareholders with dividends of $3.6Bil and $3.8Bil in gross share repurchases to buyback over 24MM shares. At the end of Sept. share count was 970MM shares and Big Blue had $2.4Bil remaining in its buyback authorization.
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.