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Transportation company $CSX said it is seeing YTD volume declines across most markets, reflecting low global commodity prices, strong US dollar, and transition in energy markets. For 2Q16, $CSX expects high-single digit volume declines, which will negatively impact 2Q earnings. $CSX expects efficiency savings for full year 2016 to exceed $250MM.
$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?