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$BEN reported a 11% drop in 3Q16 earnings due to lower operating revenues. Net income fell to $446.4MM or $0.77 per share from $504.2MM or $0.82 per share last year. Operating revenues dropped 18% to $1.63Bil. Total assets under management fell 16% to $732.1Bil, due to net new outflows partially offset by market appreciation and other.
$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?