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Rayna Kumar with Evercore asks the company to quantify on net price increases seen on Payroll and HR Services. $PAYX said that Payroll is different from HR Services, but both are in the same range of 2-4%. On HR Services, the comapny doesn't uniformly apply price increases across all products but is done based on where the market is.
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.