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Matt of Buckingham Research probes on the share buybacks, first time in a while, if it is recognition of an unattractive M&A environment. $CAL said it's the company realizing the current valuation that is a good buy. So $CAL is in the market & hence bought 450,000 shares. $CAL would expect that to continue as part of the capital allocation policy.
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.