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Citi Research analyst Praful Mehta probes on the sensitivity of retail being counter-cyclical to the EBITDA sensitivity. $NRG CEO Mauricio Gutierrez says that retail business will contract in the margin. When gas prices rise, the negative impact on retail is offset by a significant multiple on the generation side.
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.