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In 2Q16, $SYY favorably resolved a tax contingency, which resulted in a tax benefit of $20.8MM. In 2Q15, the tax rate was impacted by reduced state taxes from legal restructuring and a benefit related to disqualifying dispositions of $SYY's stock pursuant to share-based compensation arrangements. 2Q16 effective tax rate was 30.71%.
Vine, the unique app from $TWTR is no more! Perfect example for mass products that don't make money!
$CVX posts first profit in a year. Right time to get some shares? My question is, will it sustain this turnaround?
Jeff Bezos, my inspiration next to Steve Jobs is going to review the Everything Store $AMZN's financial results today after hours. As an investor/user, I like Amazon Prime and it's success over several parts of the world. What's your take on Amazon?
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein