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$FCX said the company generated operating cash flow of $740MM in 1Q16 and CapEx was at $982MM. The company ended the quarter with $20.8Bil in debt and consolidated cash was $331MM. $FCX is proceeding well with its mining business. $FCX said that on cost reduction, the company reduced employment by about 25%.
$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?