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$CL's capital spending fell in 1Q16 to $114MM from $122MM in 1Q15. CapEx for 2016 are expected to remain at an annual rate of approx. 4.5% of net sales, which is higher than the historical rate of approx. 3.5%, mainly due to the 2012 restructuring program.
$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?