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$REGN's effective tax rate for 3Q15 fell to 46.5% from 54.1% in 3Q14. The latest quarter tax rate was negatively impacted, compared to federal statutory rate, by losses incurred in foreign jurisdictions, non-deductible Branded Prescription Drug Fee, and expiration, at end of 2014, of federal tax credit for increased research activities.
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.