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$SJM said effective May 1, 2016 Richard Smucker will become Executive Chairman of the Board. Richard will succeed current Chairman Timothy Smucker, who will transition to the Chairman Emeritus role and will remain on the BoD as a non-employee Director. Mark Belgya & Steven Oakland have been promoted to the roles of Vice Chair effective May 1, 2016.
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.