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Chemical products maker $OLN said its BoD has elected John Fischer, COO, to succeed Joseph Rupp as CEO, effective May 1, 2016. BoD will also nominate Fischer to be elected as a director at the upcoming 2016 Annual Shareholders Meeting. Rupp will continue as Chairman.
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.