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RBC analyst Jim Shaughnessy questions $AKAM how much bigger are the top six customers like $AMZN, $AAPL, $FB, $GOOG, $MSFT and $NFLX in terms of size. CEO Tom Leighton says that these are big Internet entities, so the company sees upside in these accounts. Four of these are pretty large and two are small in terms of its impact on $AKAM.
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.