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$ADP's effective tax rate for 1Q16 was 33.2% vs. 34.1% in 1Q15. The decrease in effective tax rate was due to an increase in foreign tax credits and the impact of the AMD business sale which had a book basis lower than the tax basis. This decrease was partially offset by adjustments to the tax liability during 3Q14 for amounts previously accrued.
$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.