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$XRX 2Q15 Call: Our second quarter operating margin decreased to 160BP YoverY & operating profit declined 22%. Adjusted other net expense was $26MM lower YoverY, driven by lower restructuring cost. Equity income was $29MM in the quarter, down $4MM YoverY, driven by negative impact of translation currency.
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.