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David Chu of BoA asks that in terms of the macro business, how the company is describing client budgets; if any significant drops. $FDS CEO Phil Snow said that generally there has been a lot of cost pressure & the company has been continuing to execute in that environment. So as cost pressures come down on clients, it opens opportunities for $FDS.
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.