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$FOXA's tax provision and related effective tax rate of 13% for FY15 was lower than statutory rate of 35%. This was mainly due to tax benefits associated with reversal of previously recorded valuation allowances related to capital loss and foreign tax credit carryforwards utilized to offset income tax liability from disposition of DBS businesses.
$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?