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Fort Worth, Texas-based airline company $AAL said in 1Q16 mainline passenger revenue fell 5.7%, regional passenger revenue was flat and cargo revenue fell 16.8% versus 1Q15. Mainline and regional fuel expense fell 32.7%, driven by a 34% dip in average price per gallon of fuel in the quarter.
$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?