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Passenger airline operator $LUV reported a jump in 4Q15 earnings driven by higher revenues, low fuel prices and continued cost controls. Net income climbed to $536MM or $0.83 per share from $190MM or $0.28 per share last year. Operating revenue grew 7.5% to $4.98Bil. Excluding special items, EPS increased to $0.90 from $0.59.
$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?