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Construction and mining equipment manufacturer $CAT said its BoD has elected Denise Johnson, currently VP with responsibility for the Material Handling and Underground Division, as group president of Resources Industries, effective April 1. The appointment follows the recently announced retirement of Group President Ed Rapp.
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.