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Advertising revenues of $CBS for 2015 slid by 3% primarily reflecting lower local advertising revenues as result of benefit in 2014 from midterm elections and lower radio advertising sales. Total advertising revenues benefited from 1% growth in network advertising, which increased despite fewer sporting events broadcast on CBS Television Network.
$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?