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$FE 2Q15 Call: Cash flow improvements project: I’m pleased to report that we expect this project to result in cash flow improvements of $58MM in 2015, $155MM in $2016 and $240MM in 2017, exceeding the original targets for all three years. We launched this project in April with the goal of capturing both immediate and long-term savings.
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.