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$TNGO said Jay Zager will assume responsibility as its interim CFO, effective immediately. Tangoe also announced the departure of former CFO Gary Martino who resigned at the Board's request, effective April 22, 2016. The Board has engaged executive search firm Spencer Stuart in order to search for a permanent candidate as expeditiously as possible.
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.