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$BBBY's income tax rate for 2Q16 was approx. 36.3% compared to about 38% in the prior year period. Second quarter provisions included net after-tax benefits of approx. $2.9MM this year, as compared to net after-tax costs of approx. $800,000 last year, due to distinct tax events occurring during the quarters.
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.