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$BIIB announced a corporate restructuring during 2015, which includes the termination of certain pipeline programs and an 11% reduction in workforce. The company anticipates making cash payments totaling approx. $120MM under this program. These amounts will be substantially incurred and paid by the end of 2016.
$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.