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Janet Kloppenburg of JJK Research asks about the tourist traffic trends in the core international business, excluding the acquisition of China. $LB said tourism does continue to be down slightly around the world. Russian and Latin American tourists are the most impacted and also tourism through high profile cities around the world is also down.
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.