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$BBY's effective income tax rate in 3Q16 rose to 39.4% from 38.2% in the previous year quarter. The increase was primarily due to expected taxable losses from foreign operations in the current year period, partially offset by certain favorable discrete items in the current year period.
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.