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Morgan Stanley analyst Evan Kurtz questioned on $AA's strategy against weakening aerospace market. CEO Klaus Kleinfeld said that demand and fundamental in aerospace market continues to be strong. Kleinfeld added that the company's order book now represents about nine years of production with no cancellation.
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.