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$TDC, which competes with $ORCL, $IBM and $EMC, said it expects GAAP effective tax rate to be approx. 26% in 2016, excluding the tax impact from the pending sale of Marketing Applications business. Non-GAAP effective tax rate is expected to be approx. 27.5% and will not be impacted by the Marketing Applications disposition.
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.