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$MTX's 2Q16 operating income, excluding special items, was $70MM vs. $72MM in 2Q15. Operating margins rose 5% to 16.4% of sales despite continued weakness in Energy Services. 1H16 cash flow was $102MM, and free cash flow rose to $71MM from $66MM in 1H15. Debt principal payments were $50MM, totaling $90MM for 1H16.
$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?