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Natural gas distributor $VVC said it has promoted CFO Susan Hardwick to EVP and reporting to CEO Carl Chapman. Rick Schach, SVP of Utility Operations and President of Vectren Utility Holdings (VUHI), is promoted to EVP and COO. Schach will report to Chapman and oversee company's 4 utilities as well as the 2 non-utility operating units.
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.