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On an LTM basis, US coal represented approx. 21% of sales and 12% of $JOY’s net AR balance as of 3Q15-end. Return on sales was approx. 11% vs. 15% in 3Q14. The company has realized approx. $40MM of YoverY savings from all its cost reduction programs and is on track to achieve $60MM of savings for 2015.
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.