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During 2Q16, $LLTC's effective income tax rate was 19.5% vs. 22% in 2Q15. 2H16 effective income tax rate was 22.6% vs. 24.1% in 2H15. Excluding the effect of quarterly discrete tax adjustments, the company expects its annual effective income tax rate for FY16 to be in the range of 24.0-24.5%.
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.