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$L 2Q15 PR: Total expenses were $3,140MM compared to $3,047MM in 2Q14. Income from continuing operations was $170MM compared to $303MM in 2Q14, decrease is primarily due to lower earnings at CNA & less favorable performance of parent company trading portfolio as a result of lower returns on equities & limited partnership investments.
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.