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$MMM 2Q15 PR: Guidance FY15: Earnings to be in range of $7.8-8 vs. $7.8-8.10 per share in 1Q15. Organic local-currency sales growth is expected to be in range of 2.5-4% vs. 3-6% in 1Q15. 3M continues to expect foreign currency translation will reduce sales by 6-7%. 3M also anticipates that FY15 free cash flow conversion to be in range of 90-100%.
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.