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Insurance holding company $WRB said that it has appointed Richard Baio as SVP and CFO. Mr. Baio will report to his predecessor Eugene Ballard who will have oversight responsibility forâ?? the finance, actuarial and data management departments. The company also appointed Andrea Kanefsky as VP corporate controller.
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.