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Ed Westlake of Credit Suisse asks about factors that affected cash. $CVX CFO Pat Yarrington replied that cash from operations was low in 1Q16 operationally because of crude price. Working capital consumption was about $1Bil and there were several items that were not ratable like pension contributions and affiliate dividends.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.