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$VVC said its Board also reelected company's other officers to their existing positions. All changes will be effective June 1, 2016. At the annual shareholders' meeting, shareholders voted to reelect all Board members except Timothy McGinley who retired from the board at the meeting. Jean Wojtowicz has replaced McGinley as lead director.
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.