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Robert W. Baird analyst Timothy Ronald Wojs asks about $MAS' acquisition strategy. CEO Keith Allman says there is no change in the strategy which is focused on bolt on acquisitions, where the acquiring company intends to merge the target into one of its departments. $MAS has been specifically looking for deals in the areas of Paint and Plumbing.
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.