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A $19MM gain on the final settlement of the forward contracts was recognized during 3Q15 by $MDLZ and a net gain of $405MM on these forward contracts during 2015. $MDLZ also monetized additional hedges during July 2015 and realized net pre-tax gains of $17MM, of which net losses of $4MM were recognized in 3Q15.
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.