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Piper Jaffray analyst Sean Naughton questions $UNFI on the GM outlook, whether there will YoverY declines. CFO Michael Zechmeister says that $UNFI has been articulating to looking back headwinds on GM particularly related to FX and fuel. The company believes that looking forward, some of those elements are more difficult to forecast than others.
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.