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Sanjay Sakhrani of KBW probes on the question of progress in Europe & some M&A opportunities there. $MA CEO Ajay Banga said one has to wait for Visa to get through with acquisition process. The company is working its way through it. On M&A, some deals have come across, sometimes ending up seeing as much as 15-20 deals, but ending up doing 1 or 2.
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.