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$BLK 2Q15 Q&A Update – Gary, CFO: On revenue yield, fee rates are constantly changing for us. As we continue to see stronger growth in our higher fee retail and iShares businesses which carry higher fee rates on an organic basis; & nothing else changes in the world. We would expect the overall fee rate to be accretive for us.
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.