Want to join the conversation?
Homebuilder $PHM said Richard Dugas, Jr. intends to retire as Chairman and CEO at the May 2017 Annual Shareholders Meeting. Independent directors James Postl, Cheryl Grise and Patrick O'Leary have been named to a special committee formed by the Board. The committee along with a recruitment firm will conduct the search for a new CEO.
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.