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$SYY stated that the 3 new directors, Daniel Brutto, Bradley Halverson and Edward Shirley, were elected in connection with the Board's ongoing refreshment efforts. This included establishing a 15-year, phased director tenure limitation. All 3 new directors will stand for reelection at $SYY's next Annual Stockholders Meeting on Nov. 16.
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.