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Premier transportation company $CSX said that it has appointed Mike Smith as VP of PTC and Strategic Implementation, who will oversee the implementation of the safety technology Positive Train Control. Bob Frulla, will replace Smith as VP of network operations. Mr. Smith and Mr. Frulla will report to Cindy Sanborn, EVP and COO of $CSX.
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.