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$FB 2Q15 Call: Total GAAP expenses were $2.8Bil, up 82% YoverY. Ended 2Q15 with 10,955 employees, up 52% YoverY; strongest quarters in terms of hiring; majority added in R&D. Operating income was %1.3Bil, representing 31% operating margin. GAAP tax rate was 44%. Ended 2Q15 with $14.1Bil in cash and investments.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.