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Dan Salmon of BMO Capital Markets asks about Comcast's Dreamworks deal and how this will impact $VIAB's Paramount deal. CEO Philippe Dauman said there is strong interest from around the world and $VIAB will enter into detailed negotiations with a view to enter into an agreement by June-end. $VIAB sees Paramount as a growth business.
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.