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$COL 3Q15 Call: IMS: Revenues $152MM, up 4% from $146MM in 3Q14. Aviation connectivity related sales up 8% from 3Q14 due to continued growth in GLOBALink and ARINCDirect. Operating earnings up 10% to $23MM, with operating margins expanding 70 bps from 14.4% to 15.1%. R&D: YTD total spend increased 7% to $731MM. Company-funded R&D increased $7MM.
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.