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Regarding smart meter, Richard Verdi of Ladenburg Thalmann suggested that partnering with electricity companies would be a cost saving strategy. $AWK CEO Susan Story said the company is already sharing the same infrastructure with electricity companies to cut cost, and it will continue to partner with more companies to utilize their infrastructure.
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.