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Arun Jayaram of JPMorgan asks about the drivers of reduction in maintenance CapEx number from $2Bil to $1.6Bil. $DVN said the company is continuing to drive internal efficiencies in its business. These internal efficiencies are continuing to drive the maintenance capital lower.
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.