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Imperial Capital analyst Jeffrey Kessler asks about the technical capabilities necessary to produce for the end user going forward that might impinge parking margins. $ABM responds that it has a team in place in its Center of Excellence just working on parking innovation. Most of the parking business is going to be mapped to the aviation industry.
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.