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$PPG 2Q15 Call – Chuck, CEO: Initiated restructuring program during the quarter with cost savings of $100-105MM when full-year run rate savings are achieved in 2017, including 2015 savings of $15-20MM. YTD we have closed or announced business acquisitions with an aggregate purchase price of about $400MM, & repurchased $350MM of PPG’s stock.
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.