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$JNJ 2Q15 PR: Total Sales were $17,787MM vs. $19,495MM in 2Q14, decrease of 8.8% compared to prior year; & net earnings $4,516MM vs. $4,326MM in 2Q14. Net earnings included after-tax intangible amortization expense of approx. $0.2Bil & charge for after-tax special items of approx. $0.1Bil. Excluding these items, net earnings for 2Q15 was $4.8Bil.
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.