Want to join the conversation?
$SNPS said that it has entered into accelerated share repurchase agreements (ASRs) with Wells Fargo Bank NA & $HSBC, to repurchase about $200MM of its stock. Under terms of ASRs, $SNPS will receive an aggregate initial share delivery of about 3.5MM shares, with the remainder to be settled on or before April 29, 2016, upon completion of the buyback.
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.