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Richard Jaffe of Stifel probes about cash balances. CFO Michael Hartshorn said that $ROST looks at it time to time. He added that the company is in the middle of a two-year authorization and will look at it next year along with its longer-term plans and make a decision at that point.
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.