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$BWA 2Q15 PR: Net sales for the quarter were $2,032MM compared to $2,197MM in 2Q14. Net earnings attributable to BorgWarner Inc were $157MM compared to $190MM in 2Q14. The impact of foreign currencies decreased net sales growth by approx, 11% compared to 2Q14. Excluding the impact of foreign currencies, net sales were up 4% compared 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.