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$TRIP's effective tax rate for 3Q15 fell to 24.5% from 28% last year. The latest quarter tax rate is less than federal statutory rate primarily due to earnings in jurisdictions outside the U.S., where tax rate is lower, which was partially offset by state income taxes, non-deductible stock compensation and accruals on uncertain tax positions.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.