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$TDC expects about $120MM benefit to its operating income in 2016 from the cost reduction initiatives and the exit of Marketing Applications business. During 3Q15, $TDC bought about 8.5MM of shares for about $250MM. As of Sept. 30, 2015, $TDC had about $667MM of share repurchase authorization remaining under its general share repurchase program.
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.