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$PNC said its capital plan has been accepted by Board of Governors of the Federal Reserve System. The plan included an increase in quarterly dividend by 7.8% to $0.55 per share in 3Q16 and repurchase programs of up to $2Bil for the 4-quarter period starting in 3Q16, including repurchase of up to $200MM related to employee benefit plans.
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.