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In the US, $GWW launched a new inside sales team with 275 representatives in 2Q16. Company closed 27 branches in the US as part of its plan to adjust the US branch network. In 2Q16, $GWW had $6MM of restructuring costs in the US and realized net savings of $0.09 EPS, and had $8MM restructuring costs in Canada mainly related to severance.
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.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.