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$SNI 1Q15 10-Q: SG&A expenses in 1Q15 compared with 1Q14 was relatively flat as increases in sales and marketing costs were partially offset by decreases in employee costs. Capital expenditures were $9.4MM and $9.2MM for 1Q15 and 1Q14, respectively. Effective income tax rate was 30.0% in 1Q15 compared to 30.8% in 1Q14.
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.