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$KMX, the largest U.S. retailer of used vehicles, said its CEO Tom Folliard plans to retire by the end of the year and would possibly be succeeded by Bill Nash, who has now been promoted as President. The company said it also promoted Cliff Wood to chief operating officer.
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.