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Aesthetic treatment systems company $CYNO said Timothy Baker, CFO, will be retiring to pursue philanthropic interests. The company has initiated a search for a CFO, and Mr. Baker will remain through the succession to ensure a smooth transition. $CYNO also said Michael Davin, Chairman and CEO, has been appointed President effective today.
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.