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$BOBE's 4Q16 effective income tax rate was different than the statutory rate due to the company's increased domestic production activities deduction as a result of increased taxable income & utilization of tax credits. The non-GAAP tax rate was approx. 13.8% vs. 11.2% in 4Q15. This increase reduced quarterly diluted non-GAAP EPS by approx. $0.01.
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.