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$VZ 2Q15 Q&A: McCormack of Jefferies asked about wireless leasing plans. Fran replied that the leasing plan is just a fancy way to do installment plans, but of course will get another accounting benefit by putting assets upon books and being able to amortize them below EBITDA line. So as of now, Verizon have no plans to do any leasing arrangements.
$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?