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FBR Capital Markets analyst Bob Ramsey asks a question on strength in $HBAN's mortgage division going forward. CFO Howell McCullough says the pipelines are strong and the company is seeing good purchase volume. McCullough adds that refinancing is also picking up well. "So the outlook is good, just given where the pipeline is today."
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.