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$CSC said Global Business Service (GBS) revenue was $941MM in 4Q16. Adjusted operating income for GBS was $104MM in 4Q16, and operating margin was 11.1% compared with 16.3% in 4Q15. GBS bookings were $1.1Bil in the quarter for a book-to-bill of 1.2x. For 2016, GBS revenue was $3.6Bil, operating margin was 11.6% and bookings were $4.3Bil.
$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?