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$WTW announced that its Board has created an interim Office of the CEO to lead the company until a new CEO is appointed. The 3 members of the Office of the CEO will be CFO Nicholas Hotchkin, and directors Thilo Semmelbauer and Christopher Sobecki.
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.