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$IVZ recorded business optimization charges of $16.2MM in 4Q15, including $12.2MM of staff severance cost. This program will continue through 2016. Implementation cost in 2016 is expected to be up to $85MM. The initiative is expected to generate cost savings that will fully offset the expense within a 3-year time frame after completion.
$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.