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Industrial machinery giant $CMI reported a 64% fall in 4Q16, hurt by a $211MM impairment charge associated with light-duty diesel assets, while a stronger U.S. dollar pushed revenue down 6% to $4.8Bil. For the quarter, the company posted earnings of $161MM, or $0.92 per share, compared to $444MM, or $2.44 a year ago.
$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?