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Matt Miksic of UBS asked about the additional days in orthopedics in the US. $JNJ said that the additional days were 2.5 days & outside US it was about 1.5 day avg. Looking at the underlying growth in orthopedics for last 2 quarters, taking out additional shipping days there was sequential improvement across hips, knees, spine, & trauma worldwide.
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.