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Lease-to-own retailer $AAN said President Steven Michaels will replace Gilbert Danielson as CFO and President of Strategic Operations. Douglas Lindsay, former EVP and COO of ACE Cash Express, Inc., has been named President of $AAN's Sales & Lease Ownership. Michaels and Lindsay will report to CEO John Robinson.
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.