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$CTAS said Robert Kohlhepp has informed the company's BoD of his intention to retire as Chairman, effective Sept. 30, 2016. Kohlhepp has served as Chairman of the company's Board for seven years. $CTAS' CEO and Board Member, Scott Farmer will be appointed Chairman.
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.