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Personal lines property and casualty insurer $ALL said that Jacques Perold, former President of Fidelity Management & Research Company, has been elected to its Board Of Directors, effective Dec. 1, 2015. The Allstate board now stands at 11 Directors.
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.