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Doug Terreson of Evercore ISI asked whether or not returns on capital is still as relevant as it used to be. $XOM VP of IR, Jeff Woodbury, said that return on capital employed is very much relevant to the company. He also added that it is a fundamental measure that differentiates $XOM.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.