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$COP said it started 2016 with $2.4Bil in cash and generated $700MM from operating activities, excluding working capital. Working capital was an offset of about $400MM in the quarter. During 1Q16, the company received about $100MM of net proceeds from dispositions and CapEx was $1.8Bil. $COP ended 1Q16 with $5.2Bil in cash & short-term investments.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.