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During the three months ended Sept. 30, 2015, $V did not repurchase stock due to the Visa Europe conversations that was underway. Now that $V has announced the Visa Europe transaction, it will resume its stock buyback. It intends to step up the phase of buybacks immediately to make up of buybacks that were not completed in 4Q15.
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.