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Hospitality company $WYN's effective tax rate increased in 1Q16 to 41.1%, mainly due to lack of a tax benefit on the Venezuelan FX devaluation loss of $24MM incurred in the quarter. Company made income tax payments, net of refunds, of $16MM in 1Q16.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.