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$CUB said David Buss succeeds Bill Toti, former president of CGD, who is leaving to pursue other career opportunities. In Buss' new role, he will lead the business strategy for Cubic's defense business, which is focused on NextTraining. As president of CMS, Twyman will oversee the Communications/C4ISR businesses.
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.