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$CBG said that Mike Lafitte and Cal Frese have been promoted to new positions as Global Group Presidents reporting to CEO Bob Sulentic. Mr. Lafitte, who previously served as COO, will serve as Global Group President, Lines of Business & Client Care. Mr. Frese, who previously served as Americas CEO, will serve as Global Group President, Geographies.
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.