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Ronnie Weiss of Credit Suisse asks about the two-way material pricing. $RBC said the first half of the year will look pretty much the same relative to the material price formula. It could start to turn heading into the back half of the year, helping the topline. It could differ as copper, aluminum and steel prices are fluctuating.
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.