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Walt Liptak of Seaport Global asks for an update on cost savings. $LECO said its target was a total of $37MM of cost savings, $25MM of which is temporary and another $12MM which is fixed. The company is currently running at around these levels and expects that these levels would largely anniversary in 4Q16.
America becomes great again!! $GM plans to move automobile production from Mexico to US, adding thousands of jobs.
$KMI will report its 4Q results today. Any idea what to expect?
Music enthusiasts get a late Christmas present from $AAPL! GarageBand and Logic Pro X both will get updates and it is big! While it won’t have a huge impact on the stock price, Apple is up a little nevertheless.
$UNH finishes 2016 Strong. Having high hopes for UnitedHealth in 2017.
Denial is the first step to acceptance and $JPM was no exception. Racial discrimination against over 50,000 mortgage borrowers and caught red-handed, but still denying it. But at least the bank said it will pay $55 million as settlement for this issue.