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Banking company $NTRS said its President William Morrison has been named as Vice Chairman, effective Oct. 1. Morrison will report to CEO Frederick Waddell, who will become President. As Vice Chairman, Morrison will have added responsibility of assisting with and/or lead development efforts around strategic opportunities as they arise.
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.