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$XYL said that Water Infrastructure segment recorded 2Q16 orders of $562MM, down 4% organically. The company had a challenging YoverY comparison when it had two major projects that totaled $18MM. Excluding the impact of these projects, orders would have been roughly flat YoverY. $XYL said that it exited the quarter with total backlog of $546MM.
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.