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In 1H15, severance actions associated with $TMO's facility consolidations and cost reduction measures affected about 1% of its workforce. As of July 31, 2015, $TMO identified restructuring actions that will result in additional charges of about $85MM, primarily in balance of 2015 and 1H16, which will be recorded when abandonment of facilities.
$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?