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$LLTC's operating income declined by $26.7MM to $149.9MM in 1Q16, representing 43.8% of sales. Interest income was relatively flat at just under $1MM. Income tax rate was 0.5% higher this quarter at 25.75% vs. 25.25% last quarter entirely due to the loss of the R&D credit this fiscal year.
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.