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$ADS 2Q15 10-Q: ADS has certain credit card portfolios held for sale, which are carried at the lower of cost or fair value, or $32.7MM and $76.2MM as of June 30, 2015 and Dec. 31, 2014, respectively. In June 2015, ADS sold one credit card portfolio previously classified as held for sale for cash proceeds of $26.9MM and recognized a de minimus gain.
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.