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Christopher Horvers of J.P Morgan asks whether the wage and the technology expense impact will be felt relatively evenly over the quarters of the year. CFO Susan Lattmann said $BBBY continues to expect wage pressure and has those technology expenses, including the depreciation. She added that they'll run the course through the year.
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.