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$BBRY said its net cash position is about $1.3Bil for the quarter. The company said that with its new contract terms, the inventory risk is now shifted to its ODM partners, protecting $BBRY's balance sheet. Going forward, the company expects to maintain its positive free cash flow and positive EBITDA for FY17.
$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?