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$XLNX recorded tax provisions of $16.7MM and $36.9MM for 2Q16 and 1H16, representing an effective tax rate of 12% for both the periods. The tax rate was lower than the 35% U.S. federal statutory tax rate primarily due to income earned in lower tax rate jurisdictions as $XLNX plans to permanently reinvest these earnings outside of the U.S.
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.