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$MS 2Q15 Call: Institutional Securities: Continued gradual global recovery led by developed markets. Revenues were $5.2Bil, down 5% from 1Q15 or $5Bil, excluding DVA, down 6% from 1Q15. Significant portion of the decline was attributable to commodities business, which has less client engagement and lower volatility.
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.