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$MJN said that under the accelerated share repurchase program, 10.7MM shares of stock was delivered in 4Q15. Following this portion of the ASR, the average number of shares in the quarter were 189.8MM & as of Dec. 31, 2015, the outstanding shares were 186.4MM. The company expects additional shares to be delivered in 2016 under current ASR program.
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.