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Eric Sheridan of UBS asks about small and medium sized business opportunity at Facebook. $FB COO Sheryl Sandberg said that SMBs are turning to Facebook pages as their mobile solution, as most of these businesses don't have web presence or is finding it expensive to create an app.
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.