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$M is selling some of its Brooklyn property and revamps its store there. $M will sell the top five floors of its nine-story retail location as well as the air rights above the store and a related parking facility to real-estate developer Tishman Speyer for $170MM. $M will also receive $100MM over the next 3 years for the renovation of Macy's store.
Visa ($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.