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$HP said that the effective income tax rate for 1Q16 was higher than expected primarily as a result of adjustments related to the recent tax law change, extending bonus depreciation allowances that expired at the end of 2014. The company expects that effective tax rate for each of the remaining three quarters of 2016 to be in the range of 32-35%.
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.