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As of Dec. 31, 2015, $EIX's and SCE's pension plans had a $4.4Bil and $3.9Bil benefit obligation, respectively, and total 2015 expense for these plans was $118MM for $EIX and $111MM for SCE. In 4Q15, as result of the 2015 GRC Decision, SCE recorded a $382MM write-down of regulatory assets previously recorded for recovery of deferred income taxes.
Visa ($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.