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$LLL 2Q15 PR: Consolidated operating income decreased $73MM or 31% compared to 2Q14. Segment operating income decreased by $75MM or 31% compared to 2Q14. Segment operating income as a percentage of sales decreased by 200 BPs to 5.9% for 2Q15 compared to 7.9% for 2Q14.
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.