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$NI 2Q15 PR: Total net revenues were $957.2MM vs. $963.3MM in 2Q14. GAAP loss from continuing operations controlling interest was $36.1MM, or $0.11 per share vs. income of $78.5MM, or $0.25 per share for 2Q14. Operating income was $165.1MM vs. $219.6MM in 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.