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On Dec. 11, 2015, $DD announced a 2016 global cost savings and restructuring plan designed to reduce $730MM in costs compared to 2015. During the year ended Dec. 31, 2015, a pre-tax charge of $798MM was recorded, consisting of $793MM of employee separation/asset related charges, net and $5MM in other income, net.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.