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Ed Yruma of KeyBanc Capital Markets asks about pricing. $MOV said it believes its pricing architecture is right. The company believes it is competitive with the entry price points and it offers a lot of value in many of its collections. This has contributed to the expansion in GM. $MOV has been adjusting and believes it is in a good position.
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.