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$TOL said that 3Q16 SG&A dropped to 10.6% of revenues from 11.3% in 3Q15. The company continues to execute its strategy to generate meaningful recurring income outside of its core homebuilding operations. $TOL's joint venture income was $5MM and other income was $15.1MM. This, when combined, resulted in $20.1MM vs. $20MM from 3Q15.
$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?