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Julian Mitchell of Credit Suisse asks about the segment margin bridge. $GE said that cost productivity GM is a 40 BP drag. Looking at how the marks and re-measurements peel off over the year against the contracts that they are hedging, about two-thirds of those contracts settle up in the form of cash in 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.