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$URI said that rental revenue was $1.204Bil in 2Q16, down 1.3% vs. 2Q15. The components of this are driven by the owned equipment revenue items. Within owned equipment rental (OER), the volume rose 3%, net at $33MM of YoverY revenue benefit. This was offset by the 2.4% decline in rental rates worth about $26MM of YoverY rental revenue decline.
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.