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The US manufacturer of aerospace parts $HON reported a 7% rise in its 3Q15 profit, but its revenue declined 5% to $9.61Bil. 3Q15 net income was $1.26Bil or $1.60 per share compared to $1.17Bil or $1.47 per share in the year-ago period. Expenses fell about 7% in the quarter, while operating margins rose to 18.3% from 16.2%, a year earlier.
$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?