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$IPG 2Q15 Call: Operating profit increased to $216MM, up 10% from year ago. Operating margin expanded 90BP to 11.5%, reflecting leverage on base payroll, benefits in tax, & O&G expenses. In 1Q15, Organic revenue growth was 6.2% on top of strong 5.6% year ago. For six months, we posted a 21% increase to operating profit & 45% increase to diluted EPS
$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?