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$MRK 2Q15 Call: Full year 2015 revenue is expected to be $38.6Bil to $39.8Bil and GAAP EPS to be $1.52 to $1.71. Expect an overall decrease in OpEx as lower marketing and administrative expenses are partially offset by a modest increase R&D expense. Total OpEx in 2H15 to be approx. $200MM lower than in the prior year.
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.