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$JCI 3Q15 Q&A: Langan of UBS asked for some color on the size of the EBIT margin for JVs in Auto Experience in China. Bruce said that the JVs are accretive to overall Automotive and the business JVs have higher margins. There is a significant cash balance in the JVs, probably in the $700MM to $1Bil range.
$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?