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$APD expects FY16 tax rate to be in 24-25% range, likely closer to 25%. The company said that non-controlling interest was $0.02 favorable due to the buyout of the remaining shares of Indura business in 4Q15. Higher shares outstanding reduced the EPS by $0.01.
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.