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Tien-tsin Huang of JPMorgan asks about the pricing environment, if there was anything unusual in deals won or lost. $CTSH CFO Karen McLoughlin said pricing has been stable. She added that clients are looking for providers who can bring the thought leadership, value and the very strong consulting expertise, and this commands appropriate pricing.
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.