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$LLY still expects 2016 marketing, selling and administrative expenses of $6.0-6.2Bil, and research and development expenses of $4.8-5.0Bil. $LLY lifted 2016 tax rate outlook to about 21% from previous estimate of 20.5%, while still expecting non-GAAP tax rate of about 22.5%.
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.