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$NWSA's effective tax rate for FY15 increased 201% as a result of non-recurring impairment charges which are not deductible for tax purposes, partially offset by the benefit of foreign operations in Australia and UK that were subject to lower tax rates which decreased the effective tax rate by 23%.
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.