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GDP 2Q15 Advance Estimate: Bureau of Economic Analysis today released GDP details for 2Q15. GDP was up 2.3% vs. real GDP increase of 0.6% (revised) in 1Q15. The second estimate for 2Q15 will be released on Aug. 27, 2015. For 1Q15, real GDP is now estimated to have increased 0.6% vs. previous estimate of 0.2% decrease.
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.