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During 1Q17, $BOBE said that it recognized tax expense of 22.4% vs. 24.3% in 1Q16. The decrease in the tax rate was hurt by the impact of yearly variances in the forecasts of annual rate related to wage credits, the domestic productions activities deduction, and officers' life insurance. Non-GAAP tax rate was 22.6% for 1Q17.
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.