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Energy company $WMB reported a loss in 2Q16, hurt by $747MM non-cash pre-tax impairment charge associated with held for sale Canadian operations and absence of Geismar insurance proceeds from last year. $WMB's net loss was $405MM or $0.54 per share compared to net income of $114MM or $0.15 per share in 2Q15.
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.