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$CVX 2Q15 Q&A: Commenting to the question from Todd of Deutsche Bank about spend reduction target, Pat told that the spend reduction target is $3Bil and it is combination of both operating expense and capital. The $1.4Bil is predominantly going to be operating expense and the $1.6Bil is going to be the mixture of both, Pat added.
$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.