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$UTX's gross margin for 1Q16 fell to 27.7% from 28.6% last year. This was due to lower gross margin at UTC Aerospace Systems on unfavorable mix in commercial OEM sales, lower gross margin at Pratt & Whitney on increase in negative engine margin, and lower gross margin at Otis on pricing pressure.
$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?