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In 2015, $ENDP realized an income tax benefit of $1.14Bil on $1.44Bil of loss from continuing operations before income tax, versus $38.3MM of tax expense on $99.9MM of income from continuing operations before income tax in 2014. The income tax rate was 79.1% in benefit on the current period loss from continuing operations before income tax in 2015.
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.