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$FII said it appointed Paul Uhlman as president of Federated Securities Corp., $FII's distribution arm for domestic markets, effective June 15. Uhlman will replace Thomas Territ who will remain with $FII and participate in the transition of duties over the next 3 months before retiring later in 3Q.
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.