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$PAYX said that its financial position remained strong with cash & total corporate investments of $913MM. Funds held for clients as of Nov. 30, 2015, were $3.7Bil compared to $4.3Bil as of May 31, 2015. Funds held for clients on a day-to-day basis averaged $3.7Bil for the quarter and $3.8Bil for the six months.
$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?