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For FY16, $JOY expects carryover savings from cost reduction actions taken in 2015 to be about $45MM. $JOY will take actions to optimize workforce and global manufacturing assets for lower levels of demand and expects to incur restructuring charges of $30-40MM across 2016. These actions are expected to drive additional cost savings of $40MM.
$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?