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$AIG’s 2Q15 effective tax rate on income from continuing operations was 30.4% vs. statutory rate of 35%. Tax rate on pre-tax operating income was 34.3% in 2Q15. In 2Q15, there was a decrease in deferred tax asset valuation allowance associated with certain foreign jurisdictions attributable to changes in projections of future taxable income.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.