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Cash and deposits with banks fell from the prior-year period as $C continued to deploy its excess cash by increasing its investment portfolio to manage its interest rate position as well as reduce short-term and long-term borrowings. Average cash balances were $156Bil in 2Q15, down from $192Bil in 2Q14.
$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?