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Michael Reid of Cantor Fitzgerald asks if $VRTU's insurance softness in 1Q17 will be due to one large client or is it spread out among more. CEO Kris Canekeratne said it is spread out across a few clients in the insurance segment. One of the larger clients is going through a restructuring and also some other clients are seeing slowness.
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.