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$DNKN, the owner of Dunkin' Donuts and Baskin-Robbins, has named David Hoffmann as President of Dunkin' Donuts US and Canada, effective October 3, 2016. He will report to Nigel Travis, Chairman and CEO. Mr. Hoffmann replaces Paul Twohig who is retiring and will stay with the company through the end of 1Q17 to ensure a smooth transition.
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.