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Lockheed seals services deal with Leidos, forecasts profit below view
January 26, 2016 by admin · Leave a Comment
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was
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Lockheed seals services deal with Leidos, forecasts profit below view
dupont
DuPont doubles down on cost cuts ahead of Dow Chemical merger
January 26, 2016 by publisher · Leave a Comment
(Reuters) – Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co . DuPont said on Tuesday it was looking to cut its costs in 2016 by $730 million from 2015-levels. The company's previous cost-reduction plan, launched under former CEO
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DuPont doubles down on cost cuts ahead of Dow Chemical merger