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David Driscoll of Citi follows up by asking if the pacing of cost savings change at all & is the forecast for the year still the same. $CPB COF Anthony DiSilvestro said the company is well ahead of its initial expectation both in the total amount & the timing. $CPB will continue to work & target its long terms targets of sales, EBIT & EPS in FY17.
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.