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$FDX's effective tax rate was 36.2% for 1Q16, lower vs. 1Q15 due to discrete tax benefits related to changes in valuation allowances required in certain entities and jurisdictions. $FDX expects tax rate for 2016 to be 36-37% prior to any year-end mark-to-market accounting adjustment for defined benefit pension and postretirement healthcare plans.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.