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GM percentage for $HON rose in 2015 compared with 2014 principally due to higher gross margin in all of its business segments. The impact was approx. 2 percentage points collectively. The GM percentage increase was also due to increased pension income allocated to cost of products and services sold, having an approx. 0.5 percentage point impact.
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.