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$PHM 2Q15 Call: Closing percentages by brand: 25% were Centex, 48% were Pulte and 28% were Del Webb, which compares with 23%, 45% and 32% respectively in 2Q14. Two-thirds or more of land investment has been going toward Pulte communities. Gross margin was 23.3%, a sequential increase of 60 BPs from 1Q15 and down 30 BPs from 2Q14.
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.