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$DHI's effective tax rate fell to 33.2% in FY15 from 34.5% in FY14. The tax rate for FY15 includes expense for state income taxes that was reduced by benefit for domestic production activities deduction and for reduction in valuation allowance on deferred tax assets. Income tax expense rose to $372.7MM from $280.7MM in the preceding year.
$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.