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Zachary Fadem of Wells Fargo asks about the drivers of the conversion in total broadline vs. the local case growth. $SYY said at any point of time one segment may be growing little faster than the other, but the company is looking to grow both in the right way. $SYY added that it is making great strides on this over the last year or two.
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.