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$MORN said its BoD has appointed Kunal Kapoor, currently company President, as CEO, effective Jan. 1, 2017. Kapoor has been appointed to company's BoD, also effective Jan. 1. Company founder Joe Mansueto will become Executive Chairman effective Jan. 1 and will continue to serve as Chairman of the Board.
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.