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Maker of braking equipment for rail industry $WAB said that for the full year 2016, it estimates revenues from time control equipment and related services like signalling, to be down about 20%; rail traffic to be down 7-8%, deliveries of freight cars and locomotives to be slightly lower than expected, and tax rate to be about 30%.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.