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Doug Mitchelson of UBS asks for an update on BAMTech. CEO Bob Iger said that this is a smart investment for $DIS. He also added that there is some very slight dilution from this 33% acquisition and the company feels good about the trajectory of this business.
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.