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$QCOM 3Q15 Q&A: Walkley of Canaccord Genuity asked a question about cost reductions. George answered that cost savings will come in over time throughout the year. QCOM expects cost savings to be fully realized by end of the year; $600MM will come out in the fiscal year. Steve added on programs that QCOM is going to invest in the roadmap.
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.