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$MON said the Argentine-related tax matter resulted in a charge of $219MM in 3Q16, which refers primarily to valuation allowance against deferred tax assets, mostly driven by recent cumulative losses in the Argentine subsidiary. With growth in the business, the company would expect to see this allowance reversed partially or fully over time.
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.