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$EMN 2Q15 Call: Operating cash flow was $591MM. Generated $450MM of free cash flow. CapEx totaled $141MM and company is on track for full-year CapEx of between $700-725MM as underlying capital schedules are also weighted to 2H15. Dividend was $60MM and effective tax rate was just over 27%. Expects full-year tax rate to be 26-27%.
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.