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$CMI 2Q15 PR: Cummins reported net sales of $5,015MM, up 4% YoverY. The increase was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Revenues in North America rose 12% while international sales declined by 6%. Net income grew 6% to $471MM. Operating income was $723MM vs. $612MM in 2Q14.
$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?