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$LYB reported 1Q16 effective income tax rate of 29.5% versus 27.4% for 1Q15, mainly due to adjustments to deferred tax liabilities and an increase in FX gains. As of March 31, 2016, company had $2.7Bil of unrestricted cash and cash equivalents and marketable securities classified as short-term investments.
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.