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Provider of components for oil & gas production $NOV said that 2Q16 revenues were $1.7Bil, down 21% from 1Q16 and down 56% from 2Q15. Revenues declined more than expected due mostly to offshore drilling contractors further delaying acceptance of newbuilds. The $26 crude oil prices of Feb. put expenditures down & drove US rig counts to record lows.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?