Want to join the conversation?
$MET 2Q15 Call: 2Q15 included one notable item in Asia business. Japanese corporate tax rate was reduced from 31% to 29%, as a result we have recorded a one-time tax benefit of $174MM in 2Q15. Operating earnings portion of one-time benefit was $61MM or $0.05 per share. We estimate that tax benefit from rate reduction will be approx. $24MM in 2015.
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.