Want to join the conversation?
$PAYX expects FY16 effective income tax rate to be approx. 36%, excluding the net tax benefit related to prior tax years recorded in 1Q16. Effective income tax rate was 32.9% in 1H16 versus 36.3% in 1H15. The drop related mainly to a net tax benefit recorded for income derived in prior tax years from customer-facing software that $PAYX produced.
$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.