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Telephonics Corp., $GFF's wholly owned subsidiary, said that it has increased its equity interest in its JV, Mahindra Telephonics Integrated Systems, from 26% to 49%. Telephonics is the first US defense and aerospace contractor to receive approval from Indian Foreign Investment Promotion Board to increase its stake in an Indian defense co. to 49%.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.