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Analyst asks about why the company had to reduce the quality of streams on certain wireless carriers. $NFLX CEO Reed Hastings said mobile generally has small data caps and expensive per gigabit charges. The company wanted to save data for its users by using very small codes, especially when being watched in a 4-5 inch screen.
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.