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$VIAB 2Q15 10-Q: Revenues were $3,078MM vs. $3,174MM in 2Q14. Total expenses were $3,040MM vs. $2302MM in 2Q14. Operating income was $38MM vs. $872MM in 2Q14. Net income/loss was $(53)MM vs. $502MM in 2Q14. Diluted earnings per share were $(0.13) vs. $1.13 in 2Q14. Comprehensive income was $(209)MM vs. $510MM 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.