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Lisa Clive with Sanford Bernstein asks about the rationale for HCP Arizona sale. $DVA said that the company got a good offer that was presented to it. And looking at the alternatives, the way $DVA invest and deploy its resources for greater value, the company thought it was the right trade-off. So the offer was accepted and divested.
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.