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Independent energy company $APA posted narrower 1Q16 loss due to lower depreciation, depletion and amortization of oil and gas property and equipment. Net loss narrowed to $489MM or $1.29 per share from $4.65Bil or $12.34 per share. Oil and gas production revenues fell to $1.06Bil from $1.64Bil. Adjusted loss per share slid to $0.40 from $0.44.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.