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$QRVO said it appointed Mark Murphy as CFO, effective June 6. Murphy will report to Bob Bruggeworth, president and CEO, and will succeed Steven Buhaly, who previously announced his intention to retire from the company in 2016. Buhaly will remain in advisory capacity until July 31 and will work closely with Murphy to ensure seamless transition.
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.