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$BEN's investment management fees (IMF) fell $237.9MM in FY15 primarily due to a 2% decrease in average AUM and the impact of a lower effective fee rate. On the contrary, IMF rose $494.3MM in FY14, primarily due to a 10% increase in average AUM. The FY15 decrease in average AUM primarily occurred in the international sales regions.
$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?