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Omar Saad with Evercore asks about Misfit and what's happening with that business. $FOSL said the company's investment thesis and its goals for the Misfit acquisition are playing out pretty much exactly as it had hoped. The company has beat its internal integration goals and is on track on its product delivery expectations.
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.