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3Q15 underlying tax rate was 27.2% vs. $27.8% in 3Q14. $HAS expects full-year 2015 underlying tax rate to be 26.5-27.5% reflecting continued higher anticipated earnings in the US. Inventories decreased $52MM and when excluding the impact of the sale of manufacturing operations and FX impact, inventories were up approx. $34MM.
$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?