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$WAT's effective tax rate was 14.6% for 2Q15 and 13.9% for 2Q14. As of July 4, $WAT expects to record additional reductions in the measurement of its unrecognized tax benefits and related net interest and penalties of about $5MM within the next 12 months due to the lapsing of statutes of limitations on potential tax assessments.
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.