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For FY16, $JOY expects carryover savings from cost reduction actions taken in 2015 to be about $45MM. $JOY will take actions to optimize workforce and global manufacturing assets for lower levels of demand and expects to incur restructuring charges of $30-40MM across 2016. These actions are expected to drive additional cost savings of $40MM.
$FOXA just entered into a preliminary deal with Sky plc under which it will acquire all shares, or should I say remaining shares for a total value of $23 billion. The sleeping fox catches no poultry, but this fox just caught something that’s a lot bigger than poultry.
$BIG looks promising to me. Feels like it’s a good time to put some money on it.
$TWTR rolled out an iOS update Dec. 8 night that killed its famous "@" symbol. This lead to confusion among the iOS users when they tried it to reply to tweets.