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$EL 4Q15 Call: Operating income rose slightly to $1.74Bil,& operating margin decreased 20BP to 15.9%. Our operating margin was unfavorably impacted by 30BP from acquisitions & 40BP from unfavorable currency. Excluding these factors, our operating margin would have expanded by 50BP. Net interest expense improved 10% to $45.7MM due to higher interest
$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?