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Investment firm $TROW said that AUM at 1Q16-end was $764.6Bil, up $1.5Bil from Dec. 31, 2015. 1Q16 effective tax rate was 38.6% and $TROW expects full-year 2016 rate to be about 38.7%. The effective income tax rate reflects the contribution of pre-tax income generated by non-US subsidiaries subject to tax rates that are lower than US rates.
$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.