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$BID said that its share repurchase program executed in the past year has led to a significantly lower number of shares outstanding. The company now has 55.1MM shares outstanding versus 69.5MM shares a year ago, a 21% reduction. $BID still has another $43MM, which is available for further stock repurchases under the current 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.