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In FY16, $EA's effective tax rate was a benefit of 31.8%, mainly due to the reversal of the US deferred tax valuation allowance. Excluding the impact of the valuation allowance reversal, effective tax rate would have been 19.8%, which differs from the statutory rate of 35% mainly due to non-US profits subject to a reduced or zero tax rates.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!