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Brian Nowak of Morgan Stanley asks about desktop growth pickup in 1Q16, drivers of the growth. $GOOG $GOOGL CFO Ruth Porat said that the company had a modest benefit from the desktop format change. The company reduced the ad loads by removing ads on the right side of the screen, while adding a fourth ad slot for highly commercial queries.
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.