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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.
$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?