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Citigroup analyst Liav Abraham probed on the pricing dynamics in the legacy Par business. $ENDP said that pricing pressure in the legacy Par business may be in low single digit, but for the most part it is flat. The company said that it was able to defend that business because of less competition.
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.