Revlon Up 3%

Revlon Up 3%

Revlon is up almost 3% after the company said in a Securities and Exchange Commission filing it will eliminate approximately 350 positions worldwide. The cuts are part of its “integration restructuring actions” plan tied to the Elizabeth Arden acquisition. It expects to recognize approximately $65 million to $75 million of total pre-tax restructuring and related charges. It will be paid in cash, with approximately $30 million to $40 million expected […]

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Stocks Trim Gains on Oil Slide in US Intraday

Stocks Trim Gains on Oil Slide in US Intraday

The main US equity markets were gaining on Tuesday afternoon, starting a new year in the green and snapping a three-day slide that ended 2016, although off the day’s highs following a decline in oil prices. After ending 2016 with a three-day drop, stocks renewed their general trend higher with gains on the Dow Jones Industrial Average led by a 2.5% rise in Merck (MRK) and a 2.4% increase in […]

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