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$AVP said that it will reduce the company's headcount by approx. 2,500 positions as part of its three-year transformation plan. The company expects to realize pre-tax savings of approx. $30MM in 2016 associated with an approximate 1,700 headcount reduction, and expects to achieve annualized pre-tax savings of approx. $65-75MM beginning in 2017.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
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.