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$SNI, formed by the spin-off of $SSP's cable TV division, said it has acquired the remaining 35% interest in Travel Channel Media from Cox Communications for $99MM in cash, which includes the value of some tax benefits. The transaction closed on Feb. 25 and gives $SNI full ownership of Travel Channel Media.
Visa ($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.