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$TXN 2Q15 PR: Revenue was $3,232MM vs. $3,292MM in 2Q14. Revenue declined 2% YoverY, inclusive of notably weak demand in communications equipment and continued strong demand in automotive. Net income increased 2% to $696MM vs. $683MM in 2Q14. Operating profit increased 3% to $1,010MM vs. $982MM in 2Q14.
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.