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$FB said its CEO Mark Zuckerberg notified that he plans to sell or gift no more than $1Bil $FB stock each year for the next 3 years and also intends to retain his majority voting position in the stock for the foreseeable future. Any sale of shares will be conducted pursuant to the Rule 10b5-1 trading plan under the Securities Exchange Act of 1934.
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.