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On Oct. 27, 2015, the IRS approved a change in accounting method requested by $NOC. This change is expected to increase $NOC's 4Q15 federal income tax expense by about $25MM due to lower deductions for domestic production activities. It is also expected to increase 4Q15 unallocated corporate expense for state income taxes by about $45MM.
$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?