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On a non-GAAP basis, $REGN's cash tax rate for 3Q15 and for the nine months ended Sep. 30, 2015, were approx. 19% and 18% respectively of non-GAAP pre-tax income. $REGN tightened out its cash tax guidance as a percentage of non-GAAP pre-tax income to be between 16% & 20% for 2015 from previously provided range of between 15% & 22%.
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.