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For the year ended December 31, 2015, $IP generated $2.6Bil of cash flow from operations compared with $3.1Bil in 2014. Cash flow from operations included $750MM of cash pension contributions in 2015. Net decreases in debt totaled $74MM. Capex totaled $1.5Bil in 2015. Capex for 2016 is targeted at $1.3Bil.
$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?