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Evan Calio of Morgan Stanley asks about $XOM's decision to cut buyback. VP of IR, Jeff Woodbury, replied that the decision doesn't at all reflect the quality of inventory. He added that $XOM will continue to evaluate the buyback program on a quarterly basis, depending on changes in the business and investment climate.
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.