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$EA's effective tax rate for 1Q16 was a tax expense of 13.2% compared to 5.4% in 1Q15. The tax rate was increased due to a discrete expense of $40MM & $12MM recorded in 1Q16 & 1Q15 for excess tax benefits from stock-based compensation deductions allocated directly to contribute capital. Gross unrecognized tax benefits rose $6MM to $260MM in 1Q16.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?