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$KNDI 2Q15 PR: Total revenues grew 45.5% to $48MM from $33MM for 2Q14; GAAP net income was $5.4MM, or approx. $0.12 per fully diluted share, compared to $11.2MM, or approx. $0.27 per diluted share in 2Q14. The decrease was mainly due to changes in stock-based compensation expenses and financial derivatives during the period.
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.