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Andrew Casey of Wells Fargo asks about guidance, the components of the $100MM net income guidance reduction. $DE said that there are some negatives from Financial Services and its income is lower. The other larger item that reduce in the quarter is around construction and forestry.
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.