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$MAS, which makes home improvement products and building supplies, reported a higher 2Q16 profit, helped by strong operating margins. The company reported earnings of $150MM, or $0.45 per share, compared with $105MM, or $0.30 per share a year ago. Operating margins improved to 16.7% from 14.5%. Sales rose 4% to $2.0Bil.
$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?