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Robin Schoemaker of KeyBanc Capital Markets asks about $DO's criteria to buy a high-end deepwater asset. CEO Marc Edwards said the company has to look at the desirability of the vessels that become available and how they will stack against other vessels in the future that will be coming off contract and also vessels that will be better equipped.
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.