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$CMS reported that Patti Poppe, currently SVP for Distribution Operations, Engineering and Transmission, will replace John Russell as President and CEO in July and is nominated to join $CMS and Consumers Energy BoDs in May. Boards also expect to elect William Harvey, former Chairman and CEO of $LNT, as Presiding Director on May 6.
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.