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$KMB posted improved earnings in 2Q16, helped by operating profit of $838MM compared to a loss of $544MM in 2Q15. Net income attributable to the company was $566MM or $1.56 per diluted share compared to a loss of $305MM or $0.83 per diluted share last year. Net sales of $4.6Bil decreased 1% compared to the year-ago period. Adjusted EPS was $1.53.
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.