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$AA's SG&A & other expenses rose $28MM in 1Q16 compared to the year ago period. The increase was mainly driven by new SG&A related to inorganic growth in the Engineered Products and Solutions segment and expenses for professional and consulting services related to the planned separation of Alcoa. SG&A as a percentage of sales rose to 5.3% in 1Q16.
$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?