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In 3Q15, $IBM generated $3.5Bil of cash from operations and invested $900MM in CapEx with a good portion of its spend to build the cloud capacity. YTD $IBM's free cash flow of $7Bil is up over $1Bil year-to-year, primary drivers are lower tax payments and continued improvements in its sales cycle working capital.
$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?