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$XRX operating margin was down 90 BP YoverY at 8.7% in 3Q15 and operating profit was down 16%, driven by currency and developing markets. Debt at the end of 3Q15 was $7.6Bil. In 4Q15, $XRX expects an additional $200MM debt reduction, bringing the year-end debt level to approx. $7.4Bil. $XRX expects FY15 revenue to be down 3% at constant currency.
$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?