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$EMC 2Q15 Call: Gross profit was flat YoverY. Operating profit declined 11% YoverY. 2Q15-end cash and investments was $14.8Bil. 2Q15-end short-term debt totaled $1.9Bil. Expects to complete $3Bil share repurchase plan for FY15 and has repurchased $2Bil through 1H15. Free cash flow was $647MM. Expects FY15 free cash flow to be $4Bil.
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.