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$SPG 2Q15 Q&A: Goldfarb of Sandler ONeill asked if SPG’s bias is towards increasing dividend vs. buyback. David commented that SPG is highly profitable. As earnings increases taxable income increases and therefore dividend. That’s the reason SPG’s dividend is going to increase. Likes increasing the dividend more than stock buybacks.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$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.