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$PBCT 2Q15 Call – John, CEO: As expected operating expenses improved from the 1Q15 primarily resulting from lower compensation and benefits cost. On YoverY basis, operating expenses were slightly higher; however, we remain confident in our ability to control cost and ongoing impact of strategic investments & increasing regulatory compliance costs.
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.