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John Faucher of JPMorgan asks about less of SG&A investment vs. past year and a half. $PEP CFO Hugh Johnston said A&M was up 65 BP YoverY, so the company continues to see strong push into A&M. Also, the company continues to invest in capabilities that enable globalization of best practices having a positive effect on innovation and productivity.
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.