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During 3Q16, $WRK's Corrugated Packaging segment sales fell 2.12% vs. 3Q15, hurt by an unfavorable FX impact of $20MM. The company's Consumer Packaging segment sales fell 4.37% vs. 3Q15, hurt by an unfavorable foreign exchange impact of $6MM during the quarter. Land and Development sales rose 90% vs. 3Q15.
$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?