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$ZNGA 2Q15 Q&A: When Sheridan of UBS asked about cost reduction, David told that phasing of the $100MM of annualized cost reduction remains on track. The company will complete the labor related portion of that $100MM of annualized cost savings by 4Q15-end and complete the non-labor related portion by 3Q16-end, he added.
$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?