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$XEL's income tax expense grew $43.1MM in 3Q15 compared to 3Q14. The increase was mainly due to higher pretax earnings and decreased permanent plant-related adjustments in 2015. The effective tax rate for 3Q15 was 35.9% compared to 34.7% in the previous year quarter, primarily due to the plant-related adjustments.
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.