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$MS 2Q15 Q&A: O'Connor of Deutsche Bank had a question on long-term debt rate from new issuance while rates have come down. Jonathan replied that in 1H15, issued about $23Bil and took advantage of attractive markets and tried front-load issuance and expects issuance in 2H15 to be lower. Currently has over $155Bil of unsecured debt.
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.