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Logistics company $CHRW said total revenues decreased 6.9% in 2Q16, primarily due to lower pricing in the truckload, air and ocean services. Lower fuel on a YoverY basis was impactful to the reduced margins. The company was able to take market share as it grew volumes across nearly all its services. Global headcount grew 4.8% in 2Q16.
$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?