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Colorado-based REIT $UDR reported a decrease in 1Q16 results. Net income fell to $9.46MM or $0.04 per share in 1Q16 from $72.8MM or $0.28 per share in 1Q15 hurt by higher operating expenses. Total revenues grew to $234.8MM in 1Q16 compared to $219.7MM in 1Q15.
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.