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New York-based company $AXP said 2Q16 EPS included a $1.1Bil pretax gain from the sale of the Costco cobrand portfolio and a $232MM restructuring charge related to ongoing cost reduction efforts. Underlying results were solid and consistent with the outlook provided in March for 2016 and 2017.
$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?