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Andrew Obin of BoAML asked whether $HON sees an acceleration in its businesses as global PMIs bouncing off the bottom. CEO Dave Cote said that there might be a global economic rebound, but the company is not going to count on it. However, he added that he was surprised by the strong performance in Europe in 1Q16, saying it might be one-time bounce.
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.