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Geographical sales contributed to $STJ's growth with 53% of sales coming from US and 47% from international markets. The company posted GM of 69.5%, which was down 240 BP from 3Q14. $STJ expects full-year 2015 GM to be 70.0-70.2% representing a dip of 150-170 BP vs. full-year 2014.
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.