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$TMK 2Q15 Call: Administrative Expenses were $47MM for the quarter, up 3% from the year-ago quarter and in line with our expectations. The ratio of administrative expenses to premium was approximately 5.7%, same as the year-ago quarter. For the full year, we anticipate administrative expenses will be up around 6% to 7% at around 5.8% of premium.
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.