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Nomura Securities analyst Romit Shah probes $MU if expenses are expected to remain elevated through the course of the year while ramping new products. CFO Ernie Maddock says that expenses will occur as there is a concentration of new products, but it might not occur each quarter. In 4Q16, they will be particularly high relative to recent history.
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.