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$TMK 2Q15 Call: AT Globe Life Direct Response, life premiums increased 7% to $188MM and the life underwriting margin was $37MM, down 16%. As a percentage of life premium, life underwriting margin was 20%, down from 25%. Net life sales were $45MM, approximately the same as the year-ago quarter.
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.