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Eric Wasserstrom of Guggenheim Securities probes about treasury and trade solutions outlook. $C CFO John Gerspach said that all of the trade performance is in the number reported and is pretty much how the company is operating today. $C has moved a lot more of its trade business into being less balance sheet intensive.
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.