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On April 26, 2016, $COH announced a series of operational efficiency initiatives focused on creating an agile and scalable business model. In aggregate, the company expects to incur pre-tax charges associated with these actions of approx. $65-80MM, which will be reflected beginning in 4Q16, and will be substantially complete by the end of FY17.
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.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.