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In 3Q15, $IBM's reported OpEx and other income was down 12%, at this level of spend $IBM's expense to revenue ratio was up 80 BPs. The reported decline in expense this quarter is driven by currency and the divestiture of System x. And it also had a higher level of workforce rebalancing and lower amount of performance based compensation.
$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?