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$XOM said its Chemical earnings for 4Q15 fell by $264MM to $963MM from last year. Margins decreased earnings by $210MM driven by declining realizations. Volume and mix effects increased earnings by $170MM. All other items decreased earnings by $230MM, largely due to unfavorable foreign exchange, tax and inventory effects.
$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?