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$CA's 2Q16 non-GAAP tax rate was 28% and GAAP tax rate was 30%. Non-GAAP diluted earnings per share was $0.56, down 6% YoverY. Further, cash flow from operations was $43MM, down 32% YoverY or down 35% as reported. Single installment cash payments were $105MM and down YoverY. $CA ended the quarter with about $660MM in net cash.
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.