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Andrew Kaplowitz from Citigroup asks about GM, if backlog GM is more than the revenue GM. $JEC said that in this environment the company is more focused on strengthening the mix of its backlog going forward rather than chasing low value business that is not going to play out good for $JEC. And on GM, the backlog GM is better.
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.