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Technical professional services firm $JEC said that 1Q16 revenue was $2.85Bil and backlog at 1Q16-end was down 3% vs. 4Q15 at $18.2Bil. The company-wide restructuring initiative announced earlier, helped reduce 1Q16 G&A cost by 13% vs. 1Q15. Adjusted EPS was $0.78, including an approx. $0.09 per share discrete tax benefit in line with expectation.
$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?