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Internet search giant $YHOO said that in Feb. 2016 it announced plans to reduce the company's workforce by approx. 15% by 2016-end and exit 6 offices in Dubai, Mexico City, Buenos Aires, Madrid, Milan and Burbank, California. $YHOO expects that it will incur a total of $64-78MM in pre-tax charges in connection with the planned action.
$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?