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$HON is obligated to fund North American Refractories Co. (NARCO) asbestos claims submitted to NARCO Trust, which qualify for payment under Trust Distribution Procedures, subject to annual caps of $140MM during 2015-2018 & $145MM for each year thereafter. As of 3Q15-end, $HON has not made any payments to NARCO Trust for annual contribution claims.
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.