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Morgan Stanley analyst Drew Venker questions about the Upper Wolfcamp pilot in Culberson County. $XEC says that it is just now flowing back, so it's very early to tell. The company has high expectations for this pilot. The flow pack of the wells are just now cleaning up. So operationally, everything was fine from a frac standpoint as per $XEC.
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.