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$WMT named Brett Biggs as its new CFO to replace the retiring Charles Holley. Biggs will take the charge on Dec. 31, 2015 & Holley will stay on until Jan. 31, 2016, to help with the transition. Biggs will report to McMillon, CEO. Biggs is a long-term $WMT executive who has filled a number of key financial & management positions at the retail giant.
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.