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$AMG's effective tax rate attributable to controlling interest fell to 35% in 2Q15 from 36.8% last year, primarily due from indefinite reinvestment of $6.3MM of non-U.S. earnings in 2Q15. As of June 30, 2015, $AMG carried a liability for uncertain tax position of $27.6MM that included $25.5MM for tax positions if recognized would affect tax rate.
$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.