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In 2Q16, $MCHP's non-GAAP tax rate was 11.5% and the GAAP tax benefit rate was 20.3%. The GAAP tax rate was favorably impacted by the impact of some of the $MCRL acquisition purchase accounting adjustment. Excluding any nonrecurring events, the company expects its longer-term forward-looking non-GAAP effective tax rate to be between 11-12%.
Looks like $BAC is regaining its lost reputation after the 2008 financial crisis. I hope the stock will flourish under Trump.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!