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$AMZN 2Q15 Call: In the Amazon Web Services segment, revenue increased 81% to $1.82Bil. AWS operating income increased 407% to $391MM, a 21.4% operating margin. Excluding the $71MM favorable impact from ForEx, AWS segment operating income increased 314%.
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.