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Materials engineering solutions company $AMAT's effective tax rate was 19% in 2Q16 and 14.5% in 1H16. These tax rates included the effect of an adjustment mainly to correct an error in the recognition of cost of sales in the US related to intercompany sales.
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.