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$CSC's 2Q16 bookings were $2.9Bil, down 3% compared to last year and book to bill was 1.1 times. Capital expenditure increased to $215MM, up $12MM YoverY, driven by timing of software purchases. Cash at quarter end was $1.8Bil. In 2Q16, $CSC invested approx. $230MM in the acquisition of Fixnetix and Fruition Partners.
$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?