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During FY16, $TEL initiated a restructuring program associated with headcount reductions and product line closures impacting all segments. During 1Q16, $TEL recorded restructuring charges of $32MM. $TEL expects to close all restructuring actions commenced in 1Q16 by end of FY19 and to incur charges of about $65MM.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.