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In 3Q16, $NWS said the company recorded a tax benefit of $98MM on a pre-tax loss of $226MM resulting in an effective tax rate that was higher than the US statutory tax rate. $NWS also paid gross income taxes of $78MM during the nine months ended March 31, 2016 compared to $81MM a year ago and received income tax refunds of $1MM.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?