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$GLW said its 1Q16 GAAP earnings included charges of about $109MM pretax associated with reducing cost structure. The company anticipates additional charges of approx. $40MM for the remainder of 2016. $GLW estimates that the full year cash impact will be $40MM and the annualized savings will be $50MM.
$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.