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$CAL's 2Q16 corporate tax rate was 32.3%, up over 2Q15 rate of 26.5%. CapEx was $13MM, due to investment in new retail doors and expansion and modernization of distribution centers. End 2Q16, cash and equivalents were $165.7MM. Company purchased 450,000 shares in the quarter and declared a dividend of $0.07 per share.
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.