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$TSO 2Q15 PR: TSO reported net earnings of $582MM, or $4.59 per diluted share compared to net earnings of $224MM, or $1.70 per diluted share for 2Q14. Revenues were $8,232MM vs. $11,104MM in 2Q14. Approved a 18% increase to regularly quarterly dividend to $0.50 per share. TSO on target to achieve business improvements of approx. $670MM for 2015.
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.