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During 4Q15, $BEN's Board of Directors has authorized a new repurchase program of up to 30MM shares of its common stock in either open market or off-market transactions. This is in addition to the previous plan, which had about 7.2MM shares remaining as of Sept. 30. During the quarter, $BEN repurchased 11.9MM shares for a total cost of $500.3MM.
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.