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On a question asked by Ben Hearnsberger of Stephens Inc. regarding the company's China strategy, $DCI answered that China has been tough due to their end markets and their GDP pressures. The company has restructured China to align the company with the realities of the market. $DCI added that it continues to invest in China and have wins.
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.