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Sanford Bernstein analyst Steven Winoker asked whether $HON would revisit $UTX bid and CEO Dave Cote said that the company won't purse it. On another question about M&A activity, Dave Cote said that the company would be discipline in M&A opportunities and pursue if it makes sense.
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.