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$OI's cash provided by continuing operating activities for 2015 slid to $612MM from $698MM last year. The decrease was primarily due to lower earnings. Lower working capital benefited cash provided by continuing operating activities by $88MM in 2015 compared to 2014, primarily due to an increase in accounts payable.
$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?