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Olivia Tong of Bank of America asks about advertising up 120 BP, if that's the level to expect going forward. $PG CFO Jon Moeller said that in 3Q16, advertising was up 130 BP and expect to be up about 140 BP in 2H16. There will be some sequential strength in that comparison going forward.
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.