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$WRK has reduced the estimated enterprise value for the Specialty Chemicals business from the purchase accounting value reported last July to approx. $1.6Bil. As a result, the company has recorded a non-cash goodwill impairment charge of $478MM in 1Q16.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.