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In 4Q15, in $VNO's New York office business, there was a 10% swing in the difference between GAAP and cash same-store numbers. GAAP same-store for the office business was a positive 3.7% and cash same-store was a negative 6.1%. This is attributable to the free rent periods on the amount of leasing completed in 2014 of around 4.2MM sq.ft.
$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?