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$BAC's 2015 effective tax was 28.3% vs. 29.5% in 2014. The rate was driven by recurring tax preference benefits and tax benefits related to certain non-US restructurings. This was partially offset by a charge for the impact of the UK tax law changes. The company expects 2016 effective tax rate in the low 30% range, absent unusual items.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.