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In FY15, $HPQ recorded $1.6Bil of net income tax benefits related to items unique to the year. $HPQ also recorded $639MM of net tax benefits on restructuring, separation-related and other charges & a tax benefit of $47MM arising from retroactive R&D credit resulting from the Tax Increase Prevention Act of 2014 that was signed into law in Dec. 2014.
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.