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Industrial technology company $MMM said it has agreed to sell its pressurized polyurethane foam adhesives business to Innovative Chemical Products Group, a portfolio company of Audax Private Equity. Financial terms of the transaction were not disclosed. The transaction is expected to close during 1Q16, subject to customary closing conditions.
Visa ($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.