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Steven Fisher from UBS probes on the question of the company's thought about backlog directionally for the remainder of the year. $JEC said the company cannot give any specific guidance to backlog but looking at petroleum and chemicals as a whole, the theme is stable. More optimistic area is in building & infrastructure and aerospace & technology.
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.