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$WMT said Sean Clarke will return to U.K. and Asda, as President and CEO, effective July 11. Roger Burnley will be named deputy CEO of Asda when he rejoins the business in October 2016. With this move Dirk Van De Berghe, currently President and CEO, Walmart Canada will take over leadership of Walmart China business, effective Aug. 22.
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.