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Michael Binetti of UBS asks for an update about restructuring charges and the credit card chargeback activity. $JWN CFO Mike Koppel said the impact of the restructuring charges & the credit card chargeback activity was $0.10 or $30MM pretax earnings, primarily for 1Q16 and there is probably a $0.01 or $0.02 impact in addition to that for the year.
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.