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Paint and coatings maker $VAL reported a 14% jump in 3Q16 earnings on volume growth, new business wins across its portfolio and effective cost management. Net income rose to $117MM or $1.44 per share from $102.9MM or $1.25 per share last year. Net sales declined 1% to $1.14Bil. Adjusted EPS rose to $1.57 from $1.33.
$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?