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$CHK, the second-largest natural gas producer in the United States, said it suspended payment of dividend on its outstanding convertible preferred stock for 4Q15. This allowed $CHK to retain about $170MM of extra cash per year. The company plans to use these funds to purchase debt at significant discounts in the near term.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?