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$SNI 2Q15 Call: Brands HGTV, Food Network and Travel Channel had huge brand recognition and potential. HGTV has now seen 14 consecutive months of year-on-year ratings growth and it is up 10% YoverY. In Food Network, shows like Food Network Star are delivering higher audiences than ever before and entries to home giveaways were higher than ever.
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.