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$GD 2Q15 Q&A: David of UBS asked on today’s M&A view & capital deployment, and Phebe stated there is nothing that GD is looking at present. Capital deployment strategy is consistent with what GD has been talking about. In absence of accretive and good acquisition candidates, GD will continue to return cash in form of dividends & share repurchases.
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.