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$SYK's other expenses increased due to higher net interest expense related to increased borrowings during 1Q16, mainly to fund the recently completed Sage and Physio-Control acquisitions. Adjusted effective tax rate of 17.4% reflects the benefits of the global tax structure and the permanent renewal of certain tax extenders.
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.