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$HON's repositioning actions are expected to generate incremental pretax savings of $100-125MM in 2015 compared with 2014 principally from planned workforce reductions. Cash spending related to repositioning actions was $77MM in YTD 2015 and was funded through operating cash flows, and $HON expects it to be approx. $125MM in 2015.
$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?