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Healthcare services provider $HSIC said that for FY15, its effective tax rate was 29.3% vs. 30.4% a year ago. During 3Q15, the company received a favorable response to a tax petition, which enabled the company to realize certain unrecognized tax benefits. As a result, $HSIC's provision for income taxes includes a $6.3MM tax benefit.
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.