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$AMG 2Q15 PR: Affiliated Managers Group reported revenues of $646.60MM compared with $636.3MM in 2Q14. Net income was $ 128.7MM vs. $99.1MM in 2Q14 and EBITDA was $239.20MM compared with $211.9MM in 2Q14. Economic net income was $171.4MM vs. $149.8MM in 2Q14. Net client cash flows for the quarter were $4.1Bil.
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.