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Christopher Schott of JPMorgan asks about why the Rx business is not seeing more margin erosion given the competitive dynamics and pricing. $PRGO CEO John Hendrickson said there have been pricing pressures, but looking at the whole basket of mix within the Rx business, it's still a profitable mix. And the acquisition has contributed to the margin.
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.