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$SLB and $CAM said the European Commission has cleared their proposed merger without any conditions following a Phase 1 review. The companies only await regulatory approval from the Ministry of Commerce of the People's Republic of China. The Chinese authorities started 30-day Phase 1 review process on Feb. 4. The merger is likely to close in 1Q16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.