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Eric Bosshard of Cleveland Research asks whether sell-through was different than $TTC has been experiencing or expected. CEO Mike Hoffman said it is mostly the snow headwind and that has been variable in the past. He added that the rest of the core businesses are in good shape across the portfolio and they delivered more than what $TTC expected.
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.