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IRS signed a closing agreement on transfer pricing arrangements for FY08 to FY10 income tax returns in June 2015. During 1Q16, $NTAP registered $13MM of discrete expense attributable to the transfer pricing audit adjustment and related re-measurement of uncertain tax positions for tax years subject to future audits.
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.