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$OMC 2Q15 Call: Majority of non-US operations are naturally hedged with both revenue and expenses in the same currency. Significant change in exchange rates resulted in 7.1% or $275MM decline in reported revenue. YTD FX has reduced revenue by $500MM. On constant currency basis, EPS would have increased an additional 7% for both 2Q15 and the 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.