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$HD 2Q15 Call: Our operating margin for the quarter was 14.7% and for the first 6 months of fiscal 2015, it was 13.7%. Interest and other expense for the second quarter was $84MM, down $107MM from last year. Our effective tax rate was 37.3%, and we expect our income tax rate to be approx. 36.5% for the year.
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.