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Transportation company $CSX reported a decline in net earnings to $356MM or $0.37 per share in 1Q16 compared to $442MM or $0.45 per share in 1Q15 hurt by lower volume and lower operating income. Revenue fell 14% to $2.61Bil, reflecting lower fuel recovery, a 5% volume decline and a $95MM YoverY decline in other revenue.
$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.