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Michael Lapides of Goldman Sachs asks about the latest process or procedure-wise at the CPUC when it comes to the request for rehearing on the SONGS decisions. $EIX EVP Adam Umanoff said that there is no additional news to be shared. The challenges to the SONGS' OII settlement remain pending at the CPUC and the company is awaiting a decision.
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.