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Real estate investment trust $LXP announced that it has sold its three remaining New York City land investments for a gross sales price of approx. $338.2MM. Related to the sale, approx. $213.1MM of mortgage debt was assumed by the buyer. Consequently, $LXP expects to record a non-cash impairment charge of approx. $65MM in 3Q16.
$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.