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Technology solutions provider $BBOX said Michael McAndrew will step down as the President and CEO, effective upon the appointment of his successor. Mr. McAndrew will stay on to enable a smooth transition. The Nominating & Governance Committee of the Board has engaged a national executive search firm to conduct an external search for candidates.
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.