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$CMA said it has not seen any deterioration in business in Texas. The portfolio in Houston is performing well in middle market and small business. The commercial real estate portfolio is holding up well. The company believes the general economy in Texas is stable.
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.