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Maker of CANDIE'S, BONGO, BADGLEY MISCHK consumer brands $ICON said that John Haugh has been named President and a member of the BoD effective Feb. 23, 2016. Mr. Haugh will become CEO of $ICON on April 1, 2016. At that time, Interim CEO Peter Cuneo will transition to Executive Chairman of the Board.
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.