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$DOV's effective tax rate for continuing operations for 1Q16 was 22.1% vs. 28.8% in 1Q15, which includes favorable discrete items of $7.3MM. Excluding these discrete items, the effective tax rate was 27.9% for 1Q16. The 2016 discrete items principally ensued from the impact on deferred tax balances of a tax rate reduction in a non-US jurisdiction.
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.