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$LMT expects its FAS/CAS benefit to be $810MM in 2016, which assumes a discount rate of 4.25% and zero return on its assets in the current year. Cash from operations is expected to be comparable to 2015, and $LMT does not expect to make any contributions to its pension plans in 2016.
$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?