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Copper and gold producer $FCX posted a wider 1Q16 loss due to a fall in revenue and charges primarily for the reduction of the carrying value of oil and gas properties, idle rig costs and other items. Net loss widened to $4.18Bil or $3.35 per share from $2.47Bil or $2.38 per share last year. Revenue fell to $3.53Bil from $4.15Bil.
$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?