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Peoria, Illinois-based $CAT said for 1Q16, it recognized $161MM of restructuring costs, which included $82MM of long-lived asset impairments, $31MM of employee separation costs & $11MM of other restructuring costs. For 1Q16, $CAT recognized $74MM of restructuring costs primarily for long-lived asset impairments related to the restructuring plan.
$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?