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Petroleum and gas producer $DVN reported a narrower 2Q16 loss driven by lower asset impairment charges and expenses. Net loss narrowed to $1.57Bil or $3.04 per share from $2.82Bil or $6.94 per share last year. Operating revenues dropped to $2.49Bil from $3.39Bil. Core earnings for the latest quarter were $33MM or $0.06 per share.
$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?