Want to join the conversation?
$LEG 2Q15 Q&A: Budd with Raymond James asked about cash hedge impact on lawsuits. Karl says that total accrual at end of last year was about $89MM through 2Q15 and we hedged that about $20MM of that between now and 12 months from now. We think we'll probably have another $30-40MM of that accrual that's already on the books paid out.
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.