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Joseph Ritchie of Goldman Sachs asks about the funded status of the pension plans and asks about $PH's outlook on working capital for next year. CFO Jon Marten says that funded status right now for $PH's pension plans is at 65%, which is a little bit lower than company's expectations. $PH believes working capital to be positive for the next year.
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.