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Specialty chemicals company $CBT said President and CEO Patrick Prevost will step down, effective March 11. Prevost will continue as an advisor to the company and as a Director. BoD has appointed Sean Keohane, most recently EVP and President of the Reinforcement Materials Segment, to be President and CEO and a member of the BoD.
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.