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$APC said that by reducing the dividend by 81%, it believes to save $450MM of cash per annum. The company does not expect to increase capital spending this year even if oil exceeds $50. $APC believes that savings from these efforts will provide more than $350MM annually.
$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.
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?