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Offshore oil and gas drilling contractor $RIG reported a 1Q16 earnings of $249MM or $0.68 per share compared to a loss of $483MM or $1.33 per share last year, due to lower costs and expenses and narrower loss on impairment. Operating revenues fell to $1.34Bil from $2.04Bil. Adjusted earnings were $254MM or $0.69 per share for 1Q16.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.