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$LH 2Q15 Call: Operating income was $321MM or 14.5% of revenue vs. to $247MM or 16.3% last year. Excluding amortization, restructuring & special items of $70MM, adjusted operating income was $391MM or 17.6% of revenue vs. to $275MM or 18.2% last year. Increase in operating income was due to Covance acquisition, organic volume growth & productivity.
$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?