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Since the inception of the share repurchase program in Dec. 2011, $DG repurchased $3.6Bil or 62MM shares of its common stock. The company has a remaining share repurchase authorization of approx. $920MM under the repurchase program. $DG said that its main priority is to invest in new stores and the infrastructure to support its store growth.
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.