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Nik Modi of RBC Capital Markets asks for an update on the Kim Crawford test in Texas. $STZ CEO Rob Sands replied that the test has gone extremely well. He added that the test has demonstrated that the brand responds and performs very well to advertising, and the company also will be increasing its advertising for this brand.
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.