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$MSFT's effective tax rate for 2Q16 was 15% compared to 25% for the same period a year ago. The decline in tax rate was primarily due to changes in the mix of income before income taxes between the U.S. and foreign countries driven by the deferral of Windows 10 revenue in the current period.
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.