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$FR said Peter E. Baccile has been named President and will serve as a member of its Board of Directors, effective September 29, 2016. Current CEO Bruce Duncan will continue to serve in that position during a transitional period slated to end December 1, 2016, at which point Baccile will become CEO, the company said.
Visa ($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.