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Investment manager $BEN reported a 21% drop in 1Q16 earnings hurt by lower asset under management and higher net new outflows. Net income fell to $447.8MM or $0.74 per share from $566.4MM or $0.91 per share last year. Operating revenue slid by 15% to $1.76Bil.
$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?