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Wells Fargo analyst Zachary Fadem questions on the fresh category share and if this is a long-term opportunity given the scale vs. specialty mom-and-pops. COO Thomas Bene said that the company is seeing good growth in this area. $SYY focuses on quality and through the Sysco Brand, it has got a traceability program in place.
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.