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$EIX 2Q15 Call: Depreciation expense increased by $0.06 per share, reflecting SCE’s ongoing wires investments. SCE’s weighted-average equity component for regulatory purposes was 48.9% at June 30, compared to 48.4% at the end of the first quarter. SCE is required to maintain a 48% common equity layer on a rolling 13-month basis.
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.