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$USB 2Q15 Call: Answering a question of whether regulatory expenses be one time to ratchet up to a new standard or focus given USB’s 70/30 purchase, could be the new norm, Richard said that it’s not incremental, it’s longer. Going to continue to spend probably now end year-end at the current levels. Relating to cost of service, it is highest now.
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.