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$TXT 2Q15 Call: Textron Systems: revenues were up $40MM. Segment profit was down $13MM reflecting an unfavorable product mix during the quarter. Industrial: Revenues increased $33MM. Segment profit decreased $8MM reflecting lower performance, partially offset by impact of higher volumes. Finance: Revenues decreased $3MM and profit increased $3MM.
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.