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For the first nine months of 2015, $CBS's free cash flow was up more than four-fold to $546MM from 2014, driven by premiums paid for last year's debt refinancing and timing of syndication collections. $CBS had $2.5Bil remaining on its share buyback program as of Sept. 30, 2015, which is more than 10% of $CBS's current market cap.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.