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$GWW 2Q15 PR: Gross profit was $1,073MM vs. $1,080MM in 2Q14, and gross profit margin for the quarter declined 0.5 percentage point versus prior year to 42.6%, due primarily to faster growth with lower gross margin customers, lower supplier rebates tied to lower-than-expected volume, and price deflation vs. cost inflation driven by foreign exchange
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.