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Carter Copeland of Barclays asks about aviation margin. $TXT said there was incremental impact from Longitude R&D. In 1H16, $TXT incurred high levels of spending in R&D in aviation related to Longitude. The spending number for the whole year will be as per $TXT's expectations but in 2H16, there will be a significant reduction.
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.