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$SCL said that it plans to shutdown its Longford Mills, Canada facility and stop all the production activities there by the end of 2016. Because of this decision, approximately 30 $SCL employees will lose their jobs. The products manufactured at this facility will be moved to other production sites within $SCL's existing North American network.
Visa ($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.