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$MDLZ 2Q15 Call: Acquired Kinh Do snacks business in Vietnam. Confident of delivering 2016 adjusted operating income margin of 15-16%. Biscuits and chocolates now make up nearly 70% of company’s revenue, with gum and candy at about 15%. Post coffee, beverages segment is composed entirely of powdered beverages and represents 6% of revenue.
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.