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Welding products maker $LECO's 2Q16 profit fell, hurt by a charge. The company reported earnings of $31.3MM, or $0.45 cents per share, compared with $70.9MM, or $0.94 per share, a year ago. $LECO took a charge of $33.3MM, or $0.48 per share, due to the deconsolidation of its Venezuelan unit. Revenue fell 10.9% to $592.4MM on forex pressures.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.