Want to join the conversation?
$CAL's 2Q16 corporate tax rate was 32.3%, up over 2Q15 rate of 26.5%. CapEx was $13MM, due to investment in new retail doors and expansion and modernization of distribution centers. End 2Q16, cash and equivalents were $165.7MM. Company purchased 450,000 shares in the quarter and declared a dividend of $0.07 per share.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.