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In 4Q16, $MDT said that it repaid approx. $2.7Bil of debt, utilizing a part of the $10Bil cash that was untrapped in a transaction last Sept. Non-GAAP normal tax rate on cash basis was 14.6%, which included an approx. $40MM benefit from the reversal of valuation allowance related to foreign net operating losses from Interventional Spine business.
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.