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$PX's effective tax rate for 2015 decreased to 28.3% from 28.9% in 2014, while adjusted effective tax rate rose to 28% from 27.5% primarily due to the impact of foreign tax differentials. The number of employees at Dec. 31, 2015 fell by 1,123 to 26,657 employees, due to impact of cost reduction programs implemented during current year.
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.