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For 2015, $ALLE's effective tax rate plunged to 26.1% from 31.4% for 2014. The effective income tax rate was negatively impacted by $111.3MM or $115MM after-tax of charges related to the divestiture of Bocom, the divestiture of the Venezuelan business, and the devaluation of the Venezuelan bolivar.
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.