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$MRK's worldwide sales for 3Q15 decreased by 5% from last year. FX unfavorably affected global sales performance by 7% in 3Q15. Excluding unfavorable effect of FX, sales growth reflects addition of $362MM of revenue from Cubist products as result of acquisition, as well as higher sales of three drugs and higher third-party manufacturing sales.
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.