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$BBT said that its effective tax rate for 1Q16 was 30% and the company expects 2Q16 effective tax rate to be about 31%. The company expects expenses to total $1.75Bil in 2Q16 which will include the initial expense base for National Penn and Swett & Crawford, plus $40-50MM in merger-related costs.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.