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$PX's gross margin for 2015 improved to 44.7% from 43.3% in 2014, primarily due to higher overall pricing and lower cost pass-through. Selling, general and administrative expenses decreased by 12%, due to currency impacts and cost reduction actions in response to weak underlying business trends.
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.