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$PEP 2Q15 Call – Indra Nooyi, CEO: Over three years ending in 2014, despite adverse FOREX, we’ve realized $1Bil of annual productivity savings. Net revenue per employee is up 10% & EBIT per employee up 9%. Our gross margins have consistently expanded and our core net ROIC has improved by 310BP to 18.4% on rolling four quarter basis since 2012.
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.