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Elizabeth Anderson of Evercore ISI asks about $HSIC's M&A pipeline. CEO Stanley Bergman said that generally, $HSIC's deals are well known in advance before they close. $HSIC believes the prices are higher now because of low interest rates. He added that $HSIC is ready to spend $200-250MM for M&A for the year.
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.