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Grocery wholesaler and retailer $SVU said that James Weidenheimer has been named as EVP, Corporate Development & Chief Innovation Officer, effective April 25, 2016. Mr. Weidenheimer will be reporting to President and CEO, Mark Gross. In this position, Mr. Weidenheimer will work to develop and execute on market opportunities.
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.