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$UNP said its 2Q16 business volumes, as measured by total revenue carloads, declined 11% compared to the same period last year. The volume declines in coal, intermodal, industrial products, chemicals and automotive more than offset growth in agricultural products. The company repurchased 7MM shares in 2Q16 at an aggregate cost of $602MM.
$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?