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Food and beverage company $KHC posted GAAP net sales of $6.1Bil, an increase of 136% due to the merger of Kraft and Heinz vs. net sales of $2.6Bil in 3Q14. GAAP diluted loss per share was $0.27 vs. $0.02 loss per share in 3Q14. Adjusted pro forma EBITDA dipped 3.4% due to a negative 8.2 percentage point impact from currency.
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.