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Deutsche Bank analyst asks about the expectation for the cash conversion cycle and about working capital for 2H16. $HPQ said the company was pleased with the improvements in each of the cash conversion metrics. The company expects to exit FY16 with the cash conversion cycles several days improved over FY15.
$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?