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$GPS said YTD free cash flow was an inflow of over $460MM and the company ended 2Q16 with $1.7Bil of cash. $GPS added that intends to repay its $400MM term loan in 2016. On guidance, the company said it expects tax rate for the full year 2016 to be about 44% or about 40%, excluding restructuring cost, in line with the previous guidance.
$PFE has been slapped with a fine of $107 million by the UK for overcharging its epilepsy drug.
President Trump's tweet suggesting cancellation of Air Force One contract with $BA citing high cost has made the headlines. Will it make any impact in the Street for Boeing since the aircraft is meant for the use of President of US?
For the past few quarters $LULU has had a consistent net revenue increase of around 16%, so expecting the same this time around too. Maybe more!!!