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$SLB said that its net debt rose $3.4Bil to $10Bil during 2Q16. This increase was driven by $2.8Bil of cash paid to Cameron shareholders and $785MM of net debt assumed in connection with the transaction. $SLB ended the quarter with total cash and investments of $11.6Bil and $31MM was spent to repurchase 428,000 shares at an average price of $72.77.
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.