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$ZNGA 2Q15 Q&A: When Sheridan of UBS asked about cost reduction, David told that phasing of the $100MM of annualized cost reduction remains on track. The company will complete the labor related portion of that $100MM of annualized cost savings by 4Q15-end and complete the non-labor related portion by 3Q16-end, he added.
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.