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$LLY said John Lechleiter will retire as president and CEO and from the company effective Dec. 31, 2016. $LLY's BoD unanimously elected David Ricks to assume role of president and CEO and to join the board on Jan. 1, 2017, and to become chairman of the board on June 1, 2017.
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.