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Credit rating company $MCO said its 1Q16 effective tax rate was 32.3% versus 32.9% in 1Q15, the dip mainly due to a reduction in UTBs resulting from a change in New York City tax law relating to income apportionment. $MCO reported cash and cash equivalents and short-term investments of $2.1Bil at March 31, 2016.
$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?