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Guy Baber of Simmons asks about Capex and if it is coming below the internal plans. CFO John Eckhart said capital is on schedule and $MUR is not overspending its Capex. The company believes Capex is set at the right levels and it is happy with the efficiencies and cost reductions and plans to continue with the same regime.
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.