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$INTC said 4Q16 is a high CapEx quarter. The higher CapEx depends on where the company is on purchasing the first production set for 10 nanometer and the status of memory factory in China. The company expects its annualized run rate for FY16 to be about $9.5Bil and does not expect the quarterly run rate to be indicative of 4Q16.
$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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.