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Robert Jones of Goldman Sachs asks about generic pricing. $ABC said it is consistent with expectations. The company expects it to come in the high single digits range and believes it can navigate through that deflation. $ABC believes that irrespective of the environment, it will do well in generics.
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.