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Department store chain $ROST said during 1Q16 it repurchased 3.1MM shares for a total purchase price of $176MM. The company added that it is on track to buy back as planned a total of $700MM in stock for the year 2016, which will complete the two-year $1.4Bil program authorized by the BoD in Feb. 2015.
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.