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In 2015, $AMZN's provision for income taxes was $950MM, up from $167MM in 2014, mainly due to an increase in US pre-tax income and increased losses in certain foreign subsidiaries for which the company may not realize a tax benefit. $AMZN generated income in lower tax jurisdictions mainly related to its European operations based in Luxembourg.
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.