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Canadian Smartphone maker $BBRY reported a loss for 4Q16, hurt by purchase accounting impact of $23MM on GAAP revenue and pre-tax charges of $192MM related to restructuring and acquisition costs. $BBRY said it posted a net loss of $238MM, or $0.45 per share, and revenue fell 30% to $464MM. Excluding items, $BBRY posted a loss of $0.03 per share.
$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?