$LM's long term performance remains strong with more than 80% of strategy AUM beating benchmarks over three, five, and ten years. On earnings, 2Q16 $LM was negatively impacted by markets that led to a $17Bil decline in avg. AUM.
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?
$KSU reported that overall headcount was down 1% for 4Q16. The company expects 2017 capital spending to reduce by approx. $30MM from $584MM in 2016 to a range of $550-560MM in 2017. The company does not currently have plans to purchase locomotives in 2017.
$HAL signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell's Majnoon Oil Field in Southern Iraq. Under the contract, $HAL will mobilize three rigs to drill development wells and carry out work over activities over the next 2 years.
$KSU said that the US refiners exporting fuel into Mexico continues to gain momentum. The company expects this to drive higher shipments of refined products beginning in 2017. $KSU's operating performance was not up to its expectations and it saw a deterioration in terminal dwelled during 4Q16.
Weakening of Mexican Peso against US dollar will impact $KSU's business, particularly in the international intermodal business. The company added that it recovered some market share lost earlier in the year in its business at Lazaro Cardenas. $KSU believes that currency value is having a negative impact on its overall portfolio pricing.