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Piper Jaffray's George Tong asks how splitting the business will drive growth for Services business. $XRX CEO Ursula Burns says the company will continue to invest more in automation as well as cloud-based services. $XRX will put more effort into expanding the Services business outside of the U.S., says Burns.
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.