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During 1Q16, $SE's biggest contributing segment Spectra Energy Partners posted a 3% increase in its operating revenue to $624MM, helped by earnings from expansion projects. Revenue of the Distribution segment fell 32% to $465MM vs. $662 MM in 1Q15, mainly due to lower EBITDA results.
$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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.