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$KMB, owner of brands such as Viva and Kotex, said it reduced its primary working capital cash conversion cycle by 8 days in 2015 as a result of extending payables terms. On adjusted ROIC, $KMB improved this metric 360BP including benefits from the spinoff of Halyard Health Inc.
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.