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$ITW posted solid organic growth in consumer businesses such as automotive, equipment, parts of specialty & construction representing 60% of total revenues. These businesses are up 5%, so 60% of $ITW is growing at 5% in the tough environment. Industrial businesses like welding, test & measurement and electronics declined in high single digits.
$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?