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Keith Siegner of UBS asks about the success of three global brands in the US and the margin trajectory going forward. $YUM said that the company's equity ownership in the three businesses collectively is 10%, so it's a franchise driven business. $YUM also said that it's pleased with the progress it's making on margins currently.
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.