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In FY16, $MCHP incurred special charges of $4MM, comprised of $11.2MM related to severance, office closing and other costs associated with acquisition and legal settlement costs. CapEx was $97.9MM in FY16, mainly for expansion of production capacity and addition of R&D equipment. Company intends to spend about $140MM in FY17.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.