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After the acquisition by $APO, $OUTR's segments will be operated as three distinct businesses. Galen C. Smith was named CEO of Redbox, James H. Gaherity was named CEO of Coinstar and David D. Maquera was named CEO of ecoATM. Erik E. Prusch, CEO of $OUTR, will be leaving the company.
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.