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$DFS 2Q15 Q&A: Orenbuch of Credit Suisse asked about what steps you are taking to improve profitability. David commented that some of the actions that we’re taking now are designed to position us well for future. Some of marketing changes & cash rewards investments that we are making now is designed to drive growth & return long-term profitability.
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.