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During 2Q16, $WAB's sales fell 15% to $724MM vs. 2Q15, hurt by difficult market conditions, especially in Freight segment. Freight sales fell 26% or about $145MM due to lower sales from PTC, Freight OVM, Freight aftermarkets and other segment products. Transit sales rose in 2Q16, driven by organic sales growth of about 14% & acquisitions of $6MM.
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.