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Paul Cheng of Barclays probes what might be the minimum credit rating that is acceptable by the company. $CVX CFO Patricia Yarrington says the company has a very strong balance sheet amongst the strongest in the industry and it expects to manage with its cash flow.
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.