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$MA 2Q15 Q&A: Huang of JP Morgan asked a question on what’s weighing on the revenue growth YTD. Martina answered that there are many factors. One is the incentives that MA is running through its P&L. Second is the deconversion from the Chase portfolio; going to end at the end of this 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.