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Power management company $ETN reported a drop in 1Q16 earnings due to 6% decline in organic sales and additional 2% from negative currency translation. Net income fell to $404MM or $0.88 per share from $466MM or $0.99 per share last year. Net sales dropped to $4.81Bil from $5.22Bil. Operating EPS decreased to $0.88 from $1.01.
$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?