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$TEL 3Q15 Q&A: Harrison of Longbow queried on BNS business and proceeds. Tom replied that BNS business is performing as expected through the sale process. On proceeds, TEL has a capital deployment approach of $105-250MM for share repurchase. When the BNS transaction closes, it will be an additional $3Bil, majority will be returned to shareholders.
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.