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Hotel and leisure company $HOT reported a 29.1% drop in 4Q15 earnings due to lower hotel sales and higher expenses. Net income slid to $166MM or $0.98 per share from $234MM or $1.33 per share last year. Revenue declined by 4% to $1.43Bil. Excluding special items, EPS from continuing operations fell to $0.89 from $0.97.
$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?