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Charlotte, North Carolina-based steelmaker $NUE said, excluding profits belonging to business partners, effective tax rate was 34.4% for 1Q16. The company's gross debt-to-capital ratio was 36% at the close of 1Q16. Cash and short-term investments totaled more than $2.3Bil, a $300MM increase from the end of 2015.
$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?