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Tuesday, April 26, 2016

Whirlpool Q1 Profit Down, Misses View; Backs FY16 Profit Outlook

Whirlpool Corp. (WHR) reported a profit for the first-quarter 2016 that declined 21.5 percent from the prior year. Ongoing business earnings per share missed analysts' expectations. The company reaffirmed its fiscal year 2016 profit outlook.

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Laboratory Corp. Of America (LH) Rose To A 4-Month High After Q1 Profit Beat

Laboratory Corp. of America (LH) reported first quarter adjusted EPS of $2.02 Monday morning, up from $1.76 a year ago. The consensus estimate was for EPS of $1.96. The company also increased its full year adjusted EPS forecast to between $8.55 and $8.95, from prior expectations of $8.45 to $8.85. Street expectations are for EPS of $7.91.

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Tribune Publishing (TPUB) Leaped After Gannett Offers To Buy It

Tribune Publishing (TPUB) confirmed Monday that it has received an unsolicited proposal, with numerous contingencies, from Gannett Co. Inc. (GCI) to acquire all outstanding shares of Tribune Publishing common stock for $12.25 per share in cash.

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Time Warner Cable (TWC) Set A New High After Charter Merger Approved

The U.S. Justice Department approved the proposed acquisition of Time Warner Cable (TWC) and Bright House networks by Charter Communications (CHTR). The deal also needs to be approved by the FCC.

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AZN Breathes Easy, EXEL Scores FDA Nod, SRPT Disappointed, PETX On The Rise

The FDA panel has voted down Sarepta Therapeutics Inc.'s (SRPT) Eteplirsen, proposed for the treatment of Duchenne muscular dystrophy amenable to exon 51 skipping.

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BP Slips To Loss In Q1, Sees Positive Downstream Activity In Q2; Stock Up

BP Plc reported a pre-tax loss in its first quarter, compared to last year's profit, as revenues were weak with lower oil prices. The company further announced an unchanged dividend. Looking ahead, BP expects second-quarter Upstream production to be lower than the first quarter. In downstream, the company expects significantly higher level of turnaround activity in the second quarter.

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'Gannett is trying to be opportunistic'

Noble Financial's Michael Kupinski explains that Gannett wants to take advantage of buying Tribune Publishing while the company is in turmoil.

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