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As of June 30, 2016, $PSX's cash and cash equivalents were $2.2Bil and debt was $8.9Bil, including $1.1Bil of debt at Phillips 66 Partners. The company's consolidated debt-to-capital ratio and net-debt-to-capital ratio were 27% and 22%, respectively. During 2Q16, the company generated $1.2Bil of cash from operations.
$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?