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Oilfield services company $BHI reported a wider 1Q16 loss due to lower revenue as well as higher costs and expenses. Net loss widened to $981MM or $2.22 per share from $589MM or $1.35 per share last year. Included in net loss was tax valuation allowances and merger retained costs. Adjusted loss per share widened to $1.58 from $0.07.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.