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$KMT closed sale of several non-core businesses related to certain castings, steel-plate fabrication and deburring operations to Madison Industries. The sale is in alignment with portfolio simplification strategy and plans to cut manufacturing footprint by 20-25%. It allows $KMT to focus on long-term growth of core processes.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.