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Defense contractor $RTN reported a rise in 2Q16 earnings driven by gain related to the ThalesRaytheonSystems (TRS) transaction and tax benefit from stock compensation as well as higher sales. Net income rose to $709MM or $2.38 per share from $505MM or $1.65 per share last year. Net sales grew to $6.04Bil from $5.85Bil.
$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?