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$CAT's Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017. Jim Umpleby, currently $CAT President with responsibility for Energy & Transportation, will succeed Oberhelman as CEO and join $CAT BoD effective Jan. 1, 2017. Oberhelman will remain as Executive Chairman until March 31, 2017, when he will retire.
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.