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$AME 2Q15 PR: EIG sales rose 4% to $596.5MM vs. $573.29MM in 2Q14; operating income increased 8% to $164MM and operating margins were up 110 BP to 27.5%. EMG sales down 2% to $407.3MM vs. $417.43MM in 2Q14; operating income was down 3% and operating margins were 21.9%.
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.