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$CVX said to date it has reduced its employee headcount by more than 4,000 relative to year-end 2014. The company is on target to achieve approx. 8,000 total employee reductions by the end of 2016. $CVX is also on target to reduce its contract workforce by about 6,500 from 2014 levels.
Visa ($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.