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$VZ said it has signed an agreement to purchase XO Communications' fiber-optic network business for about $1.8Bil. $VZ's ownership of XO's fiber-based IP and Ethernet networks will help better serve enterprise and wholesale customers. Also, acquired fiber facilities will help $VZ continue to densify its cell network. The deal will close in 1H17.
$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?
$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.