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$OXY and the Republic of Ecuador reached understanding on terms of payment of ICSID award. Ecuador will pay $OXY total of about $1Bil. The country has made initial payments of about $200MM to $OXY, with full payment expected this year. $OXY ended 2015 with about $4.4Bil of cash on hand.
Visa ($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.