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John Ivankoe of JPMorgan asks about $YUM's overall trend of new unit volumes in China. CEO of Yum! Restaurants China Micky Pant said the company fully expects KFC development in 2016 to be ahead of its original plans. He added that the company sees the efficiency and delivery from new units as being just as good as it has been in the past.
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.