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Media company $SNI said on Feb. 24, 2016 it sold its 7.3% equity interest in Fox Sports South to the controlling interest holder for a sale price of $225MM upon the exercise of the company's put right. $SNI said the sale resulted in a gain of $208.2MM for 1Q16. Further, the gain on sale resulted in tax expense of approx. $73.6MM for 1Q16.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.