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Lab instruments provider $A's 2Q16 SG&A expense grew 9% versus 2Q15, due to wage increases, higher variable pay, impact of foreign currency movements and acquisition costs. Effective tax rate from continuing operations was 22.2% and income tax expense from continuing operations was $26MM in the quarter.
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.