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$PSX 2Q15 Call: Invested approx. $900MM on Midstream growth projects and $300MM in Refining. Dividends and share repurchases have totaled more than $1.3Bil which represents more than 70% of adjusted net income for 1H15. Adjusted debt-to-capital ratio, excluding PSXP was 26%. After ending cash balance, adjusted net debt-to-capital ratio was 11%.
$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?