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$FISV 2Q15 Call: Payment segment operating income was up 12% in the quarter to $208MM and YTD was up 9% to $399MM. Adjusted operating margin in segment expanded 190BP to 33.2% for the quarter. Through June 30th, segment adjusted operating margin is up a very strong 130BP to 32.2%, driven by high quality revenue growth & strong operating leverage.
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.