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$HP said CapEx for FY16 is expected to be in the range of $300-350MM compared to its prior guidance of $300-400MM. Total annual depreciation expense for FY16 is expected to be approx. $580MM and G&A expenses are forecast to be approx. $135MM. The company expects its effective tax rate for 3Q16 and 4Q16 to be in the range of 33-36%.
$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?