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$GPC said that for FY16, the company expects corporate expense to be in the $110-120MM range. The company expects its tax rate to increase over the balance of the year and is projecting a 37% tax rate for FY16. $GPC continues to expect cash from operations to be in the $0.9-1Bil range for FY16 and free cash flow to be in the $400-450MM 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?