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$CSC's effective tax rate from continuing operations (ETR) was 1.7% for 2Q16 vs. 27.8% for 2Q15. The primary drivers of the ETR for 2Q16 were the release of the reserve for an uncertain tax position following the closure of an audit in a non-US jurisdiction, which reduced ETR by 29.9%, and the global mix of income.
$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.