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Robert W. Baird analyst Jonathan Komp asks for an update on sales cadence in 1Q17. $FINL CFO Ed Wilhelm replied that it was up slightly in April, up 2% in May and up low single digits in June. Ed added that the company is a little more cautious near term, but very optimistic in 2H17.
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.