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$SRCL said its covenant debt-to-EBITDA ratio was 3.45, and the unused portion of the revolver was approx. $506MM at the end of 2Q16. In 2Q16, the company repurchased 32,962 shares of common stock on the open market in the amount of $3.1MM. At the end of 2Q16, $SRCL had authorization to purchase 3.3MM shares.
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.