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Airline holding company $UAL reported a steep fall in 2Q16 profit, hurt by lower revenue and higher income tax expense. The company posted earnings of $588MM, or $1.78 per share, compared with earnings of $1.19Bil, or $3.14 earnings per share a year ago. Revenue fell 5.2% to $9.4Bil while income tax expense jumped to $343MM.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.